Tags: GE | Solid | Earnings | Growth | 2011

GE Sees Solid Earnings Growth in 2011

Tuesday, 14 Dec 2010 03:36 PM

General Electric Co. expects its businesses to show solid earnings growth in 2011, with revenue flat to up 5 percent, officials with the largest U.S. conglomerate told investors on Tuesday.

GE has ceased providing specific per-share profit targets, instead offering a "framework" of how it expects its businesses to perform.

Analysts, on average, expect GE to post 2011 profit of $1.27 per share, up 13 percent from expected 2010 levels, on revenue of $145.4 billion, down 3 percent.

GE shares were up 1.3 percent to $17.85 in afternoon trading.

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General Electric Co. expects its businesses to show solid earnings growth in 2011, with revenue flat to up 5 percent, officials with the largest U.S. conglomerate told investors on Tuesday. GE has ceased providing specific per-share profit targets, instead offering a ...
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2010-36-14
Tuesday, 14 Dec 2010 03:36 PM
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