Friday, January 21, 2011

GE looks to breakout on positive earnings...

General Electric Co. (GE). The company on Friday said profit rose 51 percent, topping Wall Street's expectations, helped by lower loss rates at its finance arm and an unexpected 1 percent rise in revenue. The largest U.S. conglomerate said on Friday fourth-quarter net income came to $4.5 billion, or 42 cents per share, up from $3 billion, or 28 cents per share, a year earlier.

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