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General Electric Quarterly Income Improves 4.8%

|Includes:General Electric Company (GE)

Originally published at www.seclive.com

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.

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Stocks: GE