GE is leading the way in innovation into the 'energy future.' I can't think of a better Chairperson for the Advisory Board. His promotion to Chair now leaves another opening to fill his seat and will there is sufficient representation for the entrepreneur on the board; I would like to see someone with SBA experience and insight as a new member. At link to entry is the Amazon link to his book.GE posts banner profits, upbeat outlook (click here) 01:44 AEST Sat Jan 22 2011 AAP
US conglomerate General Electric has posted better than expected fourth quarter and 2010 profits, and says it's upbeat about the outlook for this year and the next.GE said on Friday that 2010 profit jumped to $US12.6 billion ($A12.77 billion), up 15.6 per cent from $US10.9 billion ($A11.05 billion) in 2009.Earnings per share of $US1.15 beat analyst expectations of $US1.12.Full-year revenue fell 4.19 per cent to $US150.2 billion ($A152.27 billion), but that was still above the average analyst estimate of $US150.0 billion ($A152.07 billion).For the fourth quarter, GE posted earnings of $US3.9 billion ($A3.95 billion), and earnings per share of 36 cents, up 33 per cent from the same period in 2009. Most analysts had anticipated earnings per share of 32 cents.Revenues rose to $US41.4 billion ($A41.97 billion) in the October-December period, the first positive growth in nine quarters, the company said....
Barnes and Noble link for book (click here)
US conglomerate General Electric has posted better than expected fourth quarter and 2010 profits, and says it's upbeat about the outlook for this year and the next.
GE said on Friday that 2010 profit jumped to $US12.6 billion ($A12.77 billion), up 15.6 per cent from $US10.9 billion ($A11.05 billion) in 2009.
Earnings per share of $US1.15 beat analyst expectations of $US1.12.
Full-year revenue fell 4.19 per cent to $US150.2 billion ($A152.27 billion), but that was still above the average analyst estimate of $US150.0 billion ($A152.07 billion).
For the fourth quarter, GE posted earnings of $US3.9 billion ($A3.95 billion), and earnings per share of 36 cents, up 33 per cent from the same period in 2009. Most analysts had anticipated earnings per share of 32 cents.
Revenues rose to $US41.4 billion ($A41.97 billion) in the October-December period, the first positive growth in nine quarters, the company said....
Barnes and Noble link for book (click here)
Barnes and Noble link for book (click here)
