General Electric (NYSE: GE) reported Friday that the conglomerate suffered a 19 percent fall in its fiscal fourth-quarter net income, according to Associated Press
The drop in net income was smaller than it had been in previous quarters as the company recovers from one of its worst years in its 117-year history.
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Overall revenue fell 10 percent in the quarter to $41 billion.
The GE Capital finance unit, which was the source of most of GE's problems in 2009, posted a small profit in the fourth quarter. GE Capital's $336 million in overall earnings dropped 67 percent from a year earlier.
Profits fell 30 percent at NBC Universal, which has struggled with much lower advertising income and other problems. GE is selling its majority stake in the company to cable operator Comcast for $26 billion.
For the quarter, GE posted net income of $2.94 billion, or 28 cents per share. That compared with $3.65 billion, or 35 cents, a year earlier. Analysts expected 26 cents per share in earnings.
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