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More on GE Q4: Net profit rises 5%

  • GE (GE +1.4%) net profit $4.2B vs $4B last year.
  • GAAP earnings from continuing operations +20% to $5B.
  • Industrial segment profit +12%, with six of seven segments growing earnings; organic revenue +5%.
  • U.S. orders +8%, growth market orders +13%, Europe orders +3%.
  • Margins up 100 bps vs. 4Q12.
  • Cuts $1.6B in industrial structural costs in 2013, ahead of plan
  • GE Capital Q4 earnings +38%.
  • At the year end, GE had $89B in cash.
  • The company's 2014 framework remains unchanged.
  • Previous, PR
Comments (13)
  • piano man
    , contributor
    Comments (62) | Send Message
     
    Negative twist and GE down in pre-market, good opportunity for me to load up more shares
    17 Jan, 08:05 AM Reply Like
  • tomlos
    , contributor
    Comments (1098) | Send Message
     
    What's negative about positive results?
    17 Jan, 08:13 AM Reply Like
  • mostserene1
    , contributor
    Comments (3330) | Send Message
     
    The news looks good to me, but I guess automatic trading programs know better.

     

    GE for the long-term.
    17 Jan, 08:40 AM Reply Like
  • rvshaw
    , contributor
    Comments (90) | Send Message
     
    Remember, in the short term, the market is NOT rational.
    17 Jan, 08:46 AM Reply Like
  • piano man
    , contributor
    Comments (62) | Send Message
     
    You are right, buying opportunity the way I see it
    17 Jan, 08:52 AM Reply Like
  • DAG1996
    , contributor
    Comments (3063) | Send Message
     
    GE performance was excellent. The stock is down because some analyst thinks cost-cutting is relevant to the GE story ... beware of analysts who intentionally make stock-moving earnings comments without listening to or asking questions on the conference call ... they're either clueless or unscrupulous ... not sure it matters which.
    17 Jan, 09:43 AM Reply Like
  • steppppo
    , contributor
    Comments (214) | Send Message
     
    What analyst?
    17 Jan, 09:46 AM Reply Like
  • DAG1996
    , contributor
    Comments (3063) | Send Message
     
    They mentioned the name on CNBC but it was some no-name firm so I don't recall the name.
    17 Jan, 10:04 AM Reply Like
  • davethedastardly
    , contributor
    Comments (31) | Send Message
     
    This will teach GE to report positive earnings! They'd better start losing money so their stock can go up! I mean what kind of fool wants to own stock in a company that's increasing both profits and dividends?
    17 Jan, 10:01 AM Reply Like
  • Ruben12345
    , contributor
    Comments (381) | Send Message
     
    haha, added 250 shares $GE
    17 Jan, 10:33 AM Reply Like
  • rvshaw
    , contributor
    Comments (90) | Send Message
     
    Added some $GE today myself. Gotta use the irrational market to your advantage.
    17 Jan, 11:07 AM Reply Like
  • Jules L
    , contributor
    Comments (4) | Send Message
     
    Hellooo!! Company is doing WELL !!
    17 Jan, 02:36 PM Reply Like
  • DAG1996
    , contributor
    Comments (3063) | Send Message
     
    Hi there.
    17 Jan, 02:41 PM Reply Like
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