General Electric (GE) Tops Q4 EPS by 4c, Sales Also Top View
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Price: $23.66 --0%
Revenue Growth %: -0.5%
Financial Fact:
Cost of goods sold: 21M
Today's EPS Names:
ANF, DXLG, FL, More
Revenue Growth %: -0.5%
Financial Fact:
Cost of goods sold: 21M
Today's EPS Names:
ANF, DXLG, FL, More
Trade GE Now!
General Electric Co. (NYSE: GE) reported Q4 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. Revenue for the quarter came in at $41.38 billion versus the consensus estimate of $39.9 billion.
"GE ended 2010 with three consecutive quarters of strong earnings growth," GE Chairman and CEO Jeff Immelt said. "Industrial segment revenue was up 4%, with Industrial organic growth of 6%. Fourth quarter orders grew 12% year-over-year, with a 20% increase in equipment and a 5% expansion in services. Importantly, overall orders in Energy Infrastructure grew 4%. Total company backlog in the quarter increased $3.1 billion to a record $175 billion."
"Strong performance at GE Capital was also encouraging," Immelt said. "Fourth-quarter net income of $1.1 billion was up $1.0 billion from a year ago. Volume grew 30% in the quarter at good margins. Losses and impairments declined $0.3 billion from the third quarter of 2010 to $2.5 billion, and we saw improvement in delinquencies across the businesses."
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"GE ended 2010 with three consecutive quarters of strong earnings growth," GE Chairman and CEO Jeff Immelt said. "Industrial segment revenue was up 4%, with Industrial organic growth of 6%. Fourth quarter orders grew 12% year-over-year, with a 20% increase in equipment and a 5% expansion in services. Importantly, overall orders in Energy Infrastructure grew 4%. Total company backlog in the quarter increased $3.1 billion to a record $175 billion."
"Strong performance at GE Capital was also encouraging," Immelt said. "Fourth-quarter net income of $1.1 billion was up $1.0 billion from a year ago. Volume grew 30% in the quarter at good margins. Losses and impairments declined $0.3 billion from the third quarter of 2010 to $2.5 billion, and we saw improvement in delinquencies across the businesses."
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