General Electric reported its Earnings for the last quarter of 2008, and the company was profitable in the quarter. Despite this, critics of the company's leverage situation will not be satisfied.


Jan. 23, 2009

"GE announced today fourth-quarter 2008 earnings from continuing operations of $3.9 billion, or $.37 per share before preferred dividend, or $.36 per share attributable to common shareowners. Results included $1.5 billion of after-tax restructuring and other charges, including increased reserves in current environment, which are above the Company’s original plan and the restructuring will lower costs for 2009 and beyond. For the year, revenue was $183 billion, up 6%, and earnings were $18.1 billion, down 19%. This was the third highest earnings year in GE history."

Press Release