General Electric Company disappointed Wall Street on Friday with its Q4 results. Earnings per share fell to 35 cents from 42 cents a year earlier, but were up a penny for continuing operations. The biggest piece missing from a year ago was, of course, NBCUniversal, now majority owned by Comcast.
GE’s Q4 revenues were down to $38 billion from $41 billion a year earlier. However, the company said revenues were up 3.6% excluding NBCU.
Many broadcasters have involvement in GE via its GE Capital operations. Profits there jumped 58% from a year earlier to $1.6 billion.