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General Electric (GE) Tops Q4 EPS by 2c; Reports Improved Industrial Margins

January 22, 2016 6:30 AM

(Updated - January 22, 2016 6:33 AM EST)

General Electric (NYSE: GE) reported Q4 EPS of $0.52, $0.02 better than the analyst estimate of $0.50. Revenue for the quarter came in at $33.8 billion versus the consensus estimate of $36.02 billion.

Industrial segment margins improved 50 basis points to 19.3 percent.

HIGHLIGHTS

GE CAPITAL PORTFOLIO UPDATE

“GE executed well in a slow-growth environment. For 2015, we accomplished all of the goals we outlined for investors. We recognize that the first few weeks of 2016 have been especially volatile. However, our orders in the fourth quarter grew 1% organically and our backlog grew to $315 billion with Alstom. We believe in the strength of our business model and that there is enough growth out there to deliver in 2016.” - Jeff Immelt, Chairman and CEO

For earnings history and earnings-related data on General Electric (GE) click here.

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