GE: 4th quarter earnings snapshot

BOSTON — General Electric Co. today reported fourth-quarter net income of $2.64 billion.

The company said it had profit of 27 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were 8 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.

The industrial conglomerate posted revenue of $21.93 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $21.27 billion.

GE expects full-year earnings in the range of 15 cents to 25 cents per share.

GE shares have climbed roughly 2% since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 3%. The stock has decreased nearly 7% in the past 12 months.

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