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General Electric profit beats as orders surge

The logo of the GE Money Bank is seen behind a traffic light in Prague May 29, 2012.
Credit: Reuters/David W Cerny
The logo of the GE Money Bank is seen behind a traffic light in Prague May 29, 2012. Credit: Reuters/David W Cerny

Fri Jul 19, 2013 7:14am EDT

(Reuters) - General Electric Co (GE.N) reported a better-than-expected quarterly profit on Friday as orders for its industrial machinery rose across its portfolio.

GE, the world's largest jet engine manufacturer, posted second-quarter net income of $3.69 billion, or 36 cents per share, for the second quarter, from $4.01 billion, or 38 cents per share, a year earlier.

Analysts expected earnings of 35 cents per share, according to Thomson Reuters I/B/E/S.

Revenue fell 4 percent to $35.1 billion. Analysts expected revenue of $35.56 billion.

(Reporting by Ernest Scheyder in New York and Bijoy Koyitty in Bangalore; Editing by Saumyadeb Chakrabarty and Jeffrey Benkoe)

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