GE Forecasting 10% Profit Rise; GE Capital 33%-35% of EPS



Bloomberg reported at an investor meeting, General Electric forecast that profit in its industrial units will rise at least 10% next year as it digests the Alstom energy acquisition and works through the spinoff of its North American consumer-lending operations.

Bloomberg said CEO Jeffrey Immelt told shareholders he sees 2015 as a “pivot” year as GE accelerates its plan to expand the manufacturing units while shrinking the finance arm.

Bloomberg noted that earnings from GE’s finance division will be about $0.60 a share, and total operating earnings will be about $1.70 to $1.80 a share. This was the first time in about five years that GE provided specific earnings-per-share guidance, Bloomberg said.

To view the full Bloomberg report, click here.


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