Business Standard

GE profit rises 35.7 percent

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Reuters

(Reuters) - General Electric Co reported on Friday a 35.7 percent rise in quarterly profit, helped by strength in its power and renewable energy businesses.

Earnings from continuing operations attributable to GE shareholders rose to $3.48 billion in the fourth quarter ended Dec. 31 from $2.57 billion a year earlier.

Earnings per share from continuing operations rose to 39 cents from 26 cents, the company said. (http://invent.ge/2jTRUYK)

On an adjusted basis, GE earned 46 cents per share.

Total revenue fell 2.4 percent to $33.09 billion.

The maker of power plants, aircraft engines, locomotives and other industrial equipment reiterated its 2017 operating earnings per share forecast.

 

(Reporting by Ankit Ajmera in Bengaluru; Edited by Martina D'Couto)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 20 2017 | 5:20 PM IST

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