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GE Shares Rally After 4Q Earnings Beat

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 4:56
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This is this Imus in the morning.

-- on the fox.

Good morning everyone shares of General Electric are trading higher in the pre market after the company's fourth quarter results topped estimates.

Diversified manufacturer says it made an adjusted profit of 44 cents a share beating the forecast by a penny.

Revenue rose 4% from last year to 39 point three billion dollars also better than expected.

-- which also has a major financial component says GE capital's profit.

Rose 9% to one point eight billion dollars earnings at the company's industrial segment also climbed 12% to four point nine billion dollars.

Joining us now to help let's dig into this report G GE earnings is Bob settler of Dow Jones Newswires.

Bob was there anything in this report that jumped Audi -- decides he's headline numbers of course.

I have and it looked like a solid report overall I would say.

Order growth them -- -- the industrial businesses.

Improved.

I think it was around.

2% and they would have been higher aside from currency effects and when business.

That was the first.

You know that was an improvement well they had improved for a couple quarters so you know having no orders -- -- with a good debt.

And -- there are also concerns that the delay over the fiscal cliff negotiations.

-- who was going to have an impact -- companies sort of debated whether or not.

To invest did you see any reflection of that impact.

Well I okay.

Mr.

Immelt -- had warned about that it back in December so you know there had been an investment policy among customers.

We get there -- -- impact but I think I think -- maybe wasn't as bad as he had sought I think they originally back in December or.

Forecasting something like 5% revenue growth and it was -- like 4% of they had they -- that it might.

Buy it might only be up 3% so I think -- maybe that was not a status.

As he had forecast.

It will be actually see what he -- on the call later ballot now the debt negotiations is that.

You know just cause he mentioned has has lifted to these people are still concerned.

About the economy.

And what do you think about the industrial businesses results.

They look pretty good animation and I got they've they've been looking for margin improvement and there was in most instances it was up about one point 2% I think in the fourth quarter MM for the year for the full year 2012 -- was up just got what he would he would he -- step -- -- Zero point 3%.

So -- they are they are showing what he's in the improvement that he is.

If forecasters -- you know have to see if effect if that continues.

And then the other big focus series GE capital does look like the recovery.

You know is continuing can we expect that to go on.

It would try to get us some -- support so from this reportedly you know in the last several -- they have definitely shown some improvement they've been downsizing GE capital which is what they wanna do.

And they've been doing it in a in a way that did this been profitable for them so in other real estate business -- GE capital it was again -- Profitable -- that had been a big source.

So it does look like they're.

Doing what they -- -- to do.

All right look at the bright spot story can find and that's about that -- -- Dow Jones Newswires thanks so much that we appreciate being on thank you.

We're also getting earnings in from Johnson Controls now the world's biggest maker -- Battery is recording a profit of 52 cents a share the -- estimate.

The 51 cents revenue came in at ten point 42 billion dollars estimate there was for ten point 26 billion.

Now let's take a closer look at what's moving the European markets with Brenda Kelly market analyst at IG over London and Brenda.

You may have heard me talking at -- -- secular about these GE earnings I wonder how important they are to investors their near.

With -- can't think any kind of decent earnings for the moment are helping to support derided that we're seeing because the husband a certain -- -- questions surrounding that earnings per share on the price of stocks vis a vis where -- stocks are worthy and this is our at the moment so I think in some ways.

It will help support the running for the time being and turns of a new column where we'd expect I think in some ways the fundamentals here.

How well are driving the markets in the factor of five year -- -- Are giving an investor's kind of poised for taught at the -- which particulate of those retail sales we saw today in the UK which are a lot worse than we expect us.

All right that's Brenda Kelly IG in London thanks so much and our.

-- -- Let's take a look at futures now -- fairly flat this morning we're getting some green arrows again though Dow futures are up by two now obvious and he's up.

About a quarter of a point in the NASDAQ still in the red by about a a look at commodities shows oil and gold are still in the red as well oil down by about fourteen cents gold is down a little more than a dollar.

Imus in the morning continues right now on Fox Business.

Giving you the power across.

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