Financial Services
General Electric Earnings Rise
Stock quotes in this article:GE
NEW YORK (TheStreet) -- General Electric(GE) reported a fourth-quarter profit of $4.5 billion, or 42 cents a share, compared with net income of $3 billion, or 28 cents a share, year ago.
Earnings were up 33 percent over last year on revenue of $41.4 billion, which topped analysts' quarterly revenue estimates of $39.9 billion. The company's earnings showed a jump in orders and a recovery of its finance arm. Overall orders were up 12 percent, while GE Capital's net income rose to $1.1 billion from $100 million in 2009. GE shares rose by 87 cents to $19.30 in premarket trading --Written by Maria Woehr in New York. To contact the writer of this article, click here: Maria Woehr. To follow the writer on Twitter, go to http://twitter.com/newsgirlmw. To submit a news tip, send an email to: tips@thestreet.com.TheStreet Premium Services
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