General Electric reports EPS in-line, misses on revs :
- Reports Q4 (Dec) earnings of $0.46 per share, in-line with the Capital IQ Consensus of $0.46; revenues fell 2.4% year/year to $33.09 bln vs the $33.67 bln Capital IQ Consensus.
- Backlog $321 billion, +2% vs 4Q'15; Orders +4%, +2%-a) organic including Alstom
- Industrial margin 17.3% (100) bps.
- "We executed on our 2016 goals and continued to drive growth across our businesses through the GE Store while investing in additive manufacturing and digital technology. We delivered $1.49 of earnings per share this year and 1% of organic growth. We reported $32.6 billion of free cash flow and dispositions and returned $30.5 billion to shareowners through dividends and buyback. We will continue to invest in the Industrial Internet to lead in productivity and performance for our customers in 2017."
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