Reuters

(Reuters)

Power, Aviation Units Boost General Electric Profit

Features Reuters

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.

Continue Reading Below

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.

(Reporting by Lewis Krauskopf; Editing by Lisa Von Ahn)