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.
to Daily News