Please SUPPORT Market BlackBoX BLOG, You Are ALL Welcome! Market BlackBoX BLOG: Tuesday, December 12, 2006

Tuesday, December 12, 2006

GE expects double-figure profit growth for 2007.

GE reaffirmed on Tuesday itexpects earnings to increase 15 percent to 16 percent in 2006, and announced it. GE expects double-figure earnings growth for 2007. The Fairfield-based industrial, financial services and media conglomerate said it expects fourth quarter earnings in 2006 to increase 13 percent to 16 percent, or 62 to 64 cents per share. It said annual earnings for 2006 would show an increase to a range of $1.97 to $1.99 per share. The company predicted earnings to increase in 2007 by 10 percent to 13 percent, or $2.17 to $2.23 per share. Revenue is projected to rise to $175 billion next year, an 8 percent increase. "I think there's even better news ahead," GE Chairman and CEO Jeff Immelt said at the company's annual outlook meeting in New York. "What we've tried to build and what we're building is a reliable growth company, not just strong in the short term but well positioned for next five years."

Previously, GE had predicted earnings per share in 2006 of $1.94 to $2.02
this year, up 13 percent to 17 percent. Analysts expect earnings of $1.99 per
share. GE shares rose 42 cents, or 1.19 percent, to close at $35.64 on the New York
Stock Exchange. In a more than one-hour presentation, Immelt said earnings in the
infrastructure business, which is GE's largest, will be up 16 percent in 2006,
and up by between 15 percent and 20 percent next year.

"Basically, everything here is good," Immelt said. "We're very well globally
positioned. Earnings for the financial services unit will be up between 10 percent and
15 percent this year and about the same next year, he said. GE's "Ecomagination" initiative, which was unveiled last year to boost sales of environmentally friendly technology such as pollution controls and wind power generators, has doubled revenue from $6 billion to $12 billion this year. GE projects it will rise to $14 billion next year.

Next is the analysts will have to upgrade GE recommendtion and the rating in future as after they have done their researching in
GE.

An IBM supercomputer forecasts weather down to a one-kilometer resolution.




IBM has launched a new one-kilometer-resolution weather-forecasting service. This image shows that while some parts of Chicago were hit by severe thunderstorms (blue regions), other parts got off scot-free. Credit: IBM Research
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