The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. REUTERS/Alwyn Scott
January 29, 2020
(Reuters) – General Electric Co <GE.N> on Wednesday reported a 30% jump in quarterly profit, boosted by its aviation business, but forecast 2020 profit below estimates.
Earnings from continuing operations attributable to GE shareholders rose to $663 million in the fourth quarter ended Dec. 31 from $509 million a year earlier.
Earnings per share from continuing operations rose to 7 cents from 6 cents, the company said.
On an adjusted basis, GE earned 21 cents per share.
Total revenue fell about 1% to $26.24 billion.
(Reporting by Rachit Vats in Bengaluru; Editing by Anil D’Silva)
