Friday, January 20, 2006

General Eletric lost 3 billion dollars acording to 4th quarter profits, but the company still met wallstreet expectations. The profit fell 46% in the 4th quarter. How could they still meet expectations? Beats Me!!

"The company, based in Fairfield, said net income was $3.06 billion, or 29 cents a share, for the three months ended Dec. 31, compared with $5.6 billion, or 53 cents per share, a year ago.
Total revenue climbed 3 percent, to $40.7 billion in the latest quarter from $39.7 billion a year ago.
The results reflected a net loss of $2.7 billion from its discontinued insurance operations. Excluding that, GE's earnings per share matched the 55 cents expected by analysts surveyed by Thomson Financial."

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