GE Earnings Rise on Strength of Emerging Markets
General Electric Co.'s net income rose 8 percent in the fourth quarter as earnings at all of the conglomerate's industrial segments improved due to growth in developing economies.
General Electric Co.'s net income rose 8 percent in the fourth quarter as earnings at all of the conglomerate's industrial segments improved due to growth in developing economies.
Here's some of what will shape the week ahead on Wall Street: Big guns like Microsoft and Coke reports earnings; "toy guns" such as Mattel do too; eBay is expected to bid itself up; and we'll hear from some of Citigroup's "Champions."
Better-than-expected earnings from General Electric helped lift the Dow and S&P 500. The Nasdaq closed lower after disappointing results from chipmaker Advanced Micro Devices. Overall, the week's strong earnings bode well for coming corporate reports.
The conglomerate's third-quarter results came in mixed, with earnings topping Wall Street estimates, but revenues missing by a long shot. Investors were hardly impressed - shares fell more than 5%.
These are among the big-name companies posting third-quarter results this week. Analysts are looking for increased profit growth from all of them. Also on tap: Producer prices, consumer sentiment and consumer prices.
The first peak week of reports was just what the market ordered, thanks to some beat-and-raise results from Dow blue chips. This week has more big names on tap. And again, jittery investors will be looking closely, especially for revenue growth. [With video]
After several quarters of declines, General Electric's better-than-expected second-quarter earnings gave investors a reason to smile Friday. In addition to the profit jump, the conglomerate also delivered good news about future dividends.







