General Electric Co GE reported a rise in its fourth quarter profit.
GE's quarterly net earnings climbed to $4.2 billion, or $0.41 per share, versus $4.01 billion, or $0.38 per share, in the year-ago period. Its operating earnings surged to $5.4 billion, or $0.53 per share.
Its revenue jumped 3% to $40.38 billion. However, analysts were expecting earnings of $0.53 per share on revenue of $40.27 billion.
GE's industrial segment profit jumped 12% to $5.5 billion.
GE shares rose 0.55% to $27.35 in pre-market trading.
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