BOSTON (AP) _ General Electric Co. (GE) on Tuesday reported fourth-quarter net income of $2.22 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Boston-based company said it had profit of $1.95. Earnings, adjusted for one-time gains and costs, were $1.24 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The industrial conglomerate posted revenue of $21.79 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $21.94 billion.
GE expects full-year earnings in the range of $1.60 to $2 per share.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.