UPDATE: GE Posts Higher Q4 Profit
General Electric Co (NYSE: GE) reported a rise in its fourth-quarter profit.
General Electric's quarterly earnings surged to $4.01 billion, or $0.38 per share, from $3.73 billion, or $0.35 per share, in the year-earlier period. Its operating earnings came in at $0.44 per share, versus analysts' estimates of $0.43 per share.
Its revenue climbed to $39.33 billion, from $37.97 billion. However, analysts were expecting revenue of $38.86 billion.
General Electric shares closed at $21.30 yesterday.
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