Parent company GE had better-than-expected earnings and revenue even though its 4th-quarter profit fell 19% to $2.94 billion, or 28 cents a share, as revenue fell 10% to $41.4 billion. Chairman Jeff Immelt said he was “seeing encouraging signs in our business at year’s end”. But NBC Universal earnings decreased 30% to $602M on revenue that was 4% lower year over year. Well, NBCU is going to be Comcast’s problem now.
GE's NBCU 4TH-Q Earnings Decreased 30%
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