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General Electric tops 4Q prediction

General Electric topped Wall Street expectations for the fourth quarter and reaffirmed its target for 2016, but shares slipped before the opening bell as the company’s industrial revenue declined.

The industrial conglomerate on Friday reported earnings of 52 cents per share, excluding the financial operations it’s shedding, on $33.9 billion in revenue.

Wall Street had been looking for per-share earnings of 49 cents and revenue of $35.91 billion, according to a survey by FactSet.