General Electric (GE) Reports In-Line Q4 EPS

General Electric (NYSE: GE) reported Q4 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $33.1 billion versus the consensus estimate of $33.63 billion.

Highlights:

• Continuing operations EPS (GAAP) of $0.39, +50%
• Industrial operating + Verticals EPS (non-GAAP) of $0.46, (12)%
• Backlog $321 billion, +2% vs 4Q’15; Orders +4%, +2%-a) organic including Alstom
• Returned $30.5 billion in cash to shareowners in 2016; $22 billion through buyback

"We executed on our 2016 goals and continued to drive growth across our businesses through the GE Store while investing in additive manufacturing and digital technology," CEO Jeff Immelt commented. "We delivered $1.49* of earnings per share this year and 1%*-a) of organic growth. We reported $32.6 billion* of free cash flow and dispositions and returned $30.5 billion to shareowners through dividends and buyback. We will continue to invest in the Industrial Internet to lead in productivity and performance for our customers in 2017."

For earnings history and earnings-related data on General Electric (GE) click here.

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