By: Forbes Real Time
January 17, 2013 at 17:44 PM EST
GE's Industrial Businesses Will Help Growth Despite A Weak Europe
General Electric will announce its fourth quarter earnings on Friday, January 18. The company is maintaining a double-digit earnings growth forecast for the full year 2012. In the nine months ending September 30, it achieved 12% year-over-year growth in earnings. This was driven by growth in its industrial businesses, particularly energy, oil & gas, transportation and aviation. Additionally, the fast-growing regions of Asia-Pacific, Latin America, North Africa and Middle-East contributed the most to achieving this growth. On the other hand, Europe continued to weigh on growth due to its sovereign debt crisis.
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