Monday, September 22nd17.5°C
23284
23088

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




Recent Trending




Today's Market
S&P TSX15130.98-134.369
S&P CDNX928.17-26.89
DJIA17172.68-107.06
Nasdaq4527.689-52.10
S&P 5001994.29-16.11
CDN Dollar0.9064-0.0059
Gold1215.60-1.00
Oil91.48-0.93
Lumber326.10-2.90
Natural Gas3.913+0.01

 
Okanagan Companies
Pacific Safety0.17+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.27-0.10
Cantex0.05-0.01
Anavex Life Sciences0.2009-0.0221
Metalex Ventures0.060.00
Russel Metals35.31-0.44
Copper Mountain Mining2.37-0.29
Colorado Resources0.16-0.005
ReliaBrand Inc0.0206-0.0043
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.27-0.02

 



23392

FEATURED Property
20833541537 Lakeview Street
3 bedrooms 2 baths
$649,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Is this a fair offer from ICBC?

“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...

_



23499

23499


Member of BC Press Council


22496