General Electric Company (NYSE: GE) reported fourth quarter 2020 earnings results today.
Total revenues fell 16% year-over-year to $21.9 billion but came ahead of market estimates of $21.8 billion.
Net earnings attributable to common shareholders were $2.4 billion, or $0.27 per share, compared to $538 million, or $0.06 per share, last year. Adjusted EPS dropped 60% to $0.08, missing estimates of $0.09.
For full-year 2021, GE expects industrial revenues to grow organically in the low single digit range. Adjusted EPS is expected to be $0.15-0.25.
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