Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: muddphudd who wrote (2112)	1/16/2004 7:12:15 AM
From: Neil H	Read Replies (1) \| Respond to of 3256

Not a bad quarter! Dow Jones Business News GE 2003 Earnings Reach A Record $15.6 B, With Cash Flow Up 28% To $12.9 Billion; Fourth-Quarter Orders Rise 19% Friday January 16, 6:15 am ET FAIRFIRLD, Conn. -(Dow Jones)- General Electric Co. (NYSE:GE - News) reported on-target fourth-quarter earnings of $4.56 billion, up 45% from $3.1 billion last year on growth in all industrial businesses and strong gains in the commercial and consumer finance operations. The company reported earnings of 45 cents a share for the quarter, up from 31 cents a share last year. Bottom line earnings per share were right in line with the Wall Street expectation, based on a Thomson First Call (News - Websites) survey of 15 analysts. Revenue at the Dow Jones Industrial component reached $36.96 billion for the period, up 4% from $35.51 billion last year, and ahead of the Thomson First Call estimate of $36.26 billion, based on a survey of four analysts. "GE had a solid 2003, with eight of 13 businesses delivering double-digit earnings growth for the year," said GE Chairman and Chief Executive Jeff Immelt in a press release Friday. "We did an excellent job driving cash flow growth. We positioned our company for long-term value enhancement, reorganized our businesses around our customers, and made major progress on our growth initiatives."