Get Quote: GE
Financials: Latest Results
General Electric managed to post strong earnings growth in 2011, despite a slight drop in revenues. Earnings rose 21% to $14.2 billion, while sales fell 2.6% to $147.6 billion. Despite that dip in sales, GE CEO Jeffrey Immelt said the company's performance at the end of the year bodes well for 2012, as orders picked up in businesses ranging from energy infrastructure to health care. Analysts remain focused on GE's industrial division, which has struggled to grow since the economy fell into recession. The company reported a record backlog of orders at the end of the year -- $200 billion, up from $191 billion. Immelt says that gives GE a strong start to its goal of growing industrial earnings by 10%. |
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Headquarters
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| Rank # of Fortune 500 Companies | |
|---|---|
| California | 53 |
| Texas | 52 |
| New York | 50 |
| Company | Rank |
|---|---|
| 73 | |
| NetApp | 474 |
| NuStar Energy | 377 |
