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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • General Electric Quarterly Income Improves 4.8% 0 comments
    Jan 17, 2014 11:20 AM | about stocks: GE

    Originally published at

    General Electric Company (NYSE:GE) announced its fourth quarter financial results for fiscal year 2013, reporting profit improvements of 4.8%. The company's earnings were $4.2B and $0.41 per share, up from $4.01B and $0.38 per share a year ago. Revenue ticked upward similarly by 3.1% to $40.38B, driven largely by forward progress in the company's industrial business segment, which improved 6.1% to $29.95B. GE Capital, a business segment the company has been tapering down, decreased 4.5% to $11.08B. Overall, the company exceeded analyst expectations of $40.22B revenue with its $40.38B, and met operating earnings predictions of $0.53 per share. Chairman and CEO Jeff Immelt commented that the company ended the year strong, with a good growth environment.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GE
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