GE Profit Rises, Says Economy 'Excellent'
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General Electric Co.  on Friday posted an 18 percent rise in quarterly profit, driven by broad-based growth as it received new aircraft engine service contracts and had solid orders for ultrasound equipment.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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General Electric Co. expects earnings  per share to grow between 10 percent and 15 percent in 2005,  boosted by strong energy and financial businesses, the  diversified manufacturing and services company said on Tuesday.
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The food maker General Mills reported on Wednesday that its first-quarter profit rose 8 percent as rising revenue offset higher ingredient costs and increased spending on marketing.
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Hormel Foods Corp.  on Wednesday posted higher quarterly profit, in line with raised expectations it announced earlier this month, and gave a forecast for current-quarter earnings that was higher than analysts' estimates.
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British gas giant BG Group has said that net profits leapt 23 percent last year on rising production and increased energy prices.
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Diversified manufacturer Honeywell International Inc  said on Thursday its fourth-quarter profit and sales rose from a year earlier, helped by strong economic conditions.
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General Electric Co. GE.N expects  earnings per share to grow between 10 percent and 15 percent in  2005, boosted by strength in its energy and financial  businesses, the diversified manufacturing and services company  said on Tuesday.
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General Electric on Friday reported third-quarter profits of 4.05 billion dollars, matching Wall Street&#39;s expectations as revenues grew 15 percent at the diversified US conglomerate.
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Diversified manufacturer Emerson Electric Co.  reported higher quarterly profit on Tuesday, led by demand in its industrial automation and network power segments.
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Insurer UnitedHealth Group Inc.  said on Thursday that second-quarter profit rose, helped by higher premium revenue and favorable operating margins.
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General Electric Co., the world&#39;s largest company by market value, said third-quarter profit rose 11 percent as acquisitions and economic growth spurred the biggest sales increase since Jeffrey Immelt succeeded Jack Welch.
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Defense contractor Northrop Grumman Corp.  said on Wednesday quarterly profit rose 31 percent, helped by higher government spending on its electronic systems and lower pension costs.
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Procter & Gamble Co. PG.N  on  Wednesday posted higher quarterly profit, boosted by sales of  new products and continued gains in developing markets.
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Global mining giant Anglo American said its net profit struck 7.304 billion dollars (4.963 billion euros) last year, up 18 percent on 2006, boosted by high output and soaring metals prices.
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General Mills Inc.  on Thursday  said quarterly profit edged higher, though increased marketing  spending and higher commodity costs tempered the increase.
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General Electric Co. GE.N on Friday  posted an 18 percent rise in quarterly profit, driven by  broad-based growth as it received new aircraft engine service  contracts and had solid orders for ultrasound equipment.