GE profit rises 30% on aviation boost

Jan 29 () – General Electric Co on Wednesday reported a 30% jump in quarterly profit, boosted by its aviation business, but forecast 2020 profit below estimates. Earnings from continuing operations attributable to GE shareholders rose to $663 million in the fourth quarter ended Dec. 31 from $509 million a year earlier. Earnings per share from continuing operations rose to 7 cents from 6 cents, the company said. On an adjusted basis, GE earned 21 cents per share. Total revenue fell about 1% to $26.24 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Anil D’Silva)Our Standards:The Thomson Trust Principles.