NBC Universal Fuels GE’s Q3 Jump

NBC Universal Fuels GE's Q3 Jump 1Top executives at General Electric Co. said Friday that third-quarter revenue at their NBC Universal unit rose 20% over the same quarter a year ago, though profit fell as the company spent to open more movies and weak margins crimped some television operations.

But GE chairman and CEO Jeff Immelt and chief financial officer Keith Sherin told analysts that NBC Universal is expected to return to bottom-line growth in the current quarter, when it ought to post a 10% jump in profit on a rise in revenue of up to 5%.

Quarterly revenue at NBC Universal was $3.6 billion compared with $3 billion a year ago as profit sunk from $603 million last year to $542 million.