General Electricreported Friday a 4 percent increase in fourth-quarter profit, in line with Wall Street's expectations, led by performance in its infrastructure and energy business and also guided first-quarter earnings to a range in line with the current consensus estimates.
Net income rose to $6.7 billion, or 66 cents a share, from $6.44 billion, or 62 cents a share in year-ago period.
Excluding discontinued operations, earnings from continuing operations rose to 68 cents a share from 58 cents. The company had predicted earnings from continuing operations of 67 cents to 69 cents a share.
Revenue rose 18 percent from the year-ago quarter to $48.6 billion, with more than half of it coming from outside the U.S.
The results outpaced average analyst estimates according to Thomson Financial. Those called for earnings of 68 cents a share on revenue of $47.28 billion.
For the first quarter, GE predicted a profit of 50 cents to 53 cents a share compared with expectations of 51 cents a share. For the year, it confirmed its profit forecast remains at "at least" $2.42 per share.
For the year, it confirmed its profit forecast remains at "at least" $2.42 per share.
"This is great. This is exactly where you want to be, if you think about people investing in big, beefy conglomerates," Kevin Ferry, chief market strategist at Cronus Futures Management, told CNBC's "Squawk Box."
"Certainly in a shaky world this is a standout performance," Ferry added.
"We have built the company to outperform in this environment," GE Chairman and CEO Jeff Immelt said in a statement. "We are also more global, with more than 50 percent of our revenues now coming from outside the U.S."