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Monday, January 23, 2012

General Electric shares prices forecast 2012

General Electric shares prices forecast 2012 ; General Electric Company (NYSE:GE) reported its results for the fourth quarter. Net income for General Electric Company fell to $3.73 billion (35 cents per share) vs. $4.54 billion (42 cents per share) a year earlier. This is a decline of 17.8% from the year earlier quarter. Revenue fell 5.7% to $37.97 billion from the year earlier quarter. GE reported adjusted net income of 39 cents per share. By that measure, the company beat the mean estimate of 38 cents per share. It fell short of the average revenue estimate of $40.03 billion.

“GE’s portfolio demonstrated strength and resilience, delivering earnings growth for the seventh consecutive quarter while also generating substantial operating cash flow to support investment in our business and dividend growth,” said GE Chairman and CEO Jeff Immelt. “We are confident in our 2012 framework to realize double-digit earnings growth in our Industrial and Capital segments, increase margins and provide dividend growth to our shareholders in line with earnings.”

Competitors to Watch: Siemens AG (NYSE:SI), 3M Company (NYSE:MMM), Hitachi, Ltd. (NYSE:HIT), United Technologies Corp. (NYSE:UTX), Koninklijke Philips Electronics NV (NYSE:PHG), Honeywell Intl. Inc. (NYSE:HON), Danaher Corporation (NYSE:DHR), Textron Inc. (NYSE:TXT), OSI Systems, Inc. (NASDAQ:OSIS), and Bio-Rad Laboratories, Inc. (NYSE:BIO). For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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