GE Puts an End to Quarterly Forecasts

However, the company reaffirms its fourth-quarter and 2008 outlook.
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General Electric

(GE) - Get Report

on Tuesday reaffirmed its fourth-quarter and 2008 outlook, but said it won't be offering specific quarterly earnings-per-share guidance in the future.

Excluding charges, the industrial bellwether said it expects fourth-quarter earnings between 50 cents and 52 cents a share. For the full year, it predicted a profit of $1.78 to $1.84. The company's earnings projection is in line with a forecast released on Dec. 2.

The company also said it would keep its 2008 quarterly dividend of 31 cents a share through next year.

While GE doesn't plan to give quarterly projections going forward, the company did provide a full-year "operating framework" for the year ahead at an investor conference.

Speaking at the meeting in New York, GE Chairman and CEO Jeff Immelt expressed confidence in his company's ability to weather the economic downturn, but he acknowledged the tough environment would offer challenges going forward. He said that the company's operational framework targets modest earnings growth in GE's industrial segments and positive earnings from its financial-services arm.

In recent trading, shares of GE were up nearly 6%.