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General Electric

(GE) - Get General Electric Company (GE) Report

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

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--Written by Maria Woehr in New York.

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