GE expects to hit low-end of 4Q guidance

WASHINGTON (AP) -- General Electric Co. says it expects fourth quarter earnings to be near the low end of its previous guidance.

The diversified industrial, finance and media conglomerate says it will also take a charge of up to $1.4 billion for restructuring because of the difficult credit markets.

The owner of the NBC television network said Tuesday it expects to earn between 50 cents and 52 cents a share in the fourth quarter. It previously said it would earn between 50 cents to 65 cents per share. It also expects an after-tax charge of between $1 billion and $1.4 billion.

GE says it expects to pay a dividend of $1.24 per share in 2009.

The company plans to update investors on its plan to restructure its GE Capital finance arm.

© 2008 The Associated


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