Industrial conglomerate General Electric Co. (GE) reported Tuesday a net profit for the fourth quarter that declined 24 percent from last year, which had earnings from discontinued operations. This despite 15 percent revenue growth and improved profit margins. Adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also initiated adjusted earnings guidance for the first quarter, below estimates.
In pre-market activity on the NYSE, GE shares are trading at $128.20, down $3.03 or 2.31 percent.
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