General Electric, which last month announced plans to acquire RCA for $6.28 billion, reported that its fourth-quarter and full-year net earnings rose about 1% and 2%, respectively, from a year earlier.
The Fairfield, Conn.-based company had net earnings in the quarter ended Dec. 31, 1985, of $660 million, up from $652 million in the same period a year earlier. Fourth-quarter revenue totaled about $8.7 billion, up from $8 billion a year earlier.
For all of 1985, GE earned $2.34 billion, a "modest" 2% increase over 1984 profits of $2.28 billion, the company said.
Full-year revenue was about $28.3 billion, a 1% increase over 1984 sales of $28 billion, according to the company's preliminary, unaudited figures.