General Electric Co. (GE.N: Quote, Profile, Research) recorded higher earnings in the fourth quarter last year, with moving profitability but below estimates.
The results of US manufacturing companies showed on Thursday that it had a net profit of $ 574 million ($ 7 per share) in the three months ended December 31, compared with a loss of $ 11 billion ($ 1.27 per share ) in the same period last year. 2017.
In the fourth quarter of 2018, the adjusted earnings per share excluding one-time items amounted to 17 cents, which is lower than the analyst's estimate of 22 cents.
Company revenue grew 5% in three months from October to December at an annual level of $ 33.28 billion.
GE's revenue should have reached 32.23 billion dollars in the previous quarter, and revenues fell 25 percent to $ 6.76 billion in December, down from $ 7.45 billion.
Regarding GE's performance over the past year, revenue grew by 3% to $ 121.61 billion, while in 2018 it recorded a loss of $ 22.8 billion from a loss of $ 8.92 billion a year earlier.