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FinanceGeneral Electric

GE profit rises, helped by power, aviation units

By
Reuters
Reuters
and
Ben Geier
Ben Geier
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By
Reuters
Reuters
and
Ben Geier
Ben Geier
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January 23, 2015, 8:05 AM ET
General Electric's Net Income Falls
FORT LAUDERDALE, FL - JANUARY 23: The GE logo is displayed on a General Electric appliance at Fortney's Appliance store on January 23, 2009 in Fort Lauderdale, Florida. General Electric Co. posted over a 40 percent drop in fourth-quarter earnings. (Photo by Joe Raedle/Getty Images)Photograph by Joe Raedle — Getty Images

General Electric Co (GE) posted a rise in quarterly profit on Friday, helped by its businesses selling power-generating turbines and jet engines, although sales in its oil and gas unit slumped.

The U.S. conglomerate said its fourth-quarter net earnings rose to $5.15 billion, or 51 cents per share, from $3.21 billion, or 32 cents per share, a year earlier.

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