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GE's Appliance Business Reports Revenues Up in 2010
Jan 21, 2011
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GE reported strong fourth-quarter 2010 earnings of $3.9 billion, up 33% from the fourth quarter of 2009. GE Home & Business Solutions, which includes GE's appliance business, had 4Q 2010 revenues of $2.333 billion and an operating profit of $139 million, compared to 4Q 2009 revenues of $2.214 billion and an operating profit of $131 million.

GE Home & Business Solutions' full-year 2010 revenues were $8.648 billion, up 2% from $8.443 billion in full-year 2009.

GE's overall revenues grew to $41.4 billion for the quarter, marking the first positive growth in nine quarters. “GE ended 2010 with three consecutive quarters of strong earnings growth,” GE Chairman and CEO Jeff Immelt said.

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