General Electric Company GE reported a decline in its fourth-quarter net profit on Friday.
General Electric's quarterly profit fell to $3.8 billion, or $0.35 per share, from $4.8 billion, or $0.42 per share, in the year-ago period. On an operating basis, General Electric's earnings came in at $0.39 per share.
General Electric's revenue declined to $38.0 billion, versus $41.2 billion. However, analysts were expecting earnings of $0.38 per share on sales of $40.05 billion.
General Electric shares fell 3.08% to $18.56 in pre-market trading.
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