NBCU Gives GE’s Fourth-Quarter Earnings a Boost

Jan 18, 2008  •  Post A Comment

General Electric reported earnings of $6.8 billion, or 68 cents per share, for the fourth quarter ended Dec. 31. That’s an increase of 15% from the $5.9 billion earnings in the fourth quarter of 2006.
Revenue for the fourth quarter rose to $48.59 billion, up 18% from $41.28 billion in 2006, GE said Friday.
NBC Universal’s fifth straight quarter of profit growth, a 10% increase, contributed to GE’s performance. NBCU reported $923 million in profits for fourth quarter 2007, compared to $841 million in fourth quarter 2006. Revenue increased 8% at NBC Universal to $4.55 billion from $4.22 billion in the previous year.
“Film had its best year ever, with strong global growth. Entertainment and Information Cable had record ratings and solid earnings growth,” GE Chairman and CEO Jeff Immelt said. “The network continues to improve its programming and cost position.”

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