Wednesday, May 6th13.8°C
25993

GE lights up 4Q

General Electric Co. is reporting that net income rose 8 per cent in the fourth quarter as earnings at all of the conglomerate's industrial segments improved due to growth in developing economies.

GE, based in Fairfield, Conn., reported net income of $4 billion on revenue of $39.3 billion for the quarter. Last year during the same period the company earned $3.7 billion on sales of $38 billion. Per share earnings rose to 38 cents from 35 cents last year.

The company's operating profit per share was 44 cents, a penny higher than analysts polled by FactSet expected. GE's revenue also beat analyst expectations of $38.8 billion.

The company cited strong growth in emerging markets and in regions that are exploiting natural resources, including Russia, Australia, Latin America, China and Sub-Saharan Africa.

The Canadian Press


Read more Business News

26049


Recent Trending




Today's Market
S&P TSX15023.89-150.05
S&P CDNX687.00-9.75
DJIA17841.98-86.22
Nasdaq4919.64-19.68
S&P 5002080.15-9.31
CDN Dollar0.8304-0.0001
Gold1193.80+0.60
Oil60.38-0.55
Lumber244.90+2.90
Natural Gas2.764-0.012

 
Okanagan Companies
Pacific Safety0.13-0.02
Knighthawk0.010.00
QHR Technologies Inc1.46+0.01
Cantex0.03-0.01
Anavex Life Sciences0.346+0.004
Metalex Ventures0.09-0.01
Russel Metals26.42-0.42
Copper Mountain Mining1.54-0.04
Colorado Resources0.10-0.00
ReliaBrand Inc0.0059+0.0019
Sunrise Resources Ltd0.05+0.01
Mission Ready Services0.205+0.010
Decisive Dividend Corporation1.85-0.15

 



25974

FEATURED Property
2260864766 Denali Drive
4 bedrooms 4 baths
$739,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Sales Poodle wanted

Do you have a customer or prospect who treats you like a some sort of Sales Poodle? Photo: ContributedA Sales Poodle believes that his job is to satisfy the customer. The customer is king is a core be...


Not the lawsuit type

If I asked you whether you were the lawsuit type, chances are that your answer would be a resounding “NO”. Most people cringe at the thought of being involved in a lawsuit and if you don&r...


The rules are changing

In recent years, a number of countries, including England, Australia and the United States, have changed the regulatory framework that governs their financial institutions. Included have been changes ...

_








Member of BC Press Council


25600