General Electric Earnings: Here’s Why Shares Are Sizzling Higher

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…The outlook for developed markets remains uncertain, but we are seeing growth in China and the resource rich countries. With our largest backlog in history and a substantial amount of cash generated by our businesses in the fourth quarter, we have great momentum going into 2013.”

Key Stats:

Revenue increased 8.19% from $36.35 billion in the previous quarter. Net income increased 33.66% from $3.49 billion in the previous quarter.

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(Company fundamentals provided by Xignite Financials.)

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