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

…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.)