General Electric reported a 21.6 percent rise in profit, topping estimates, boosted by strong demand outside the United States for its heavy equipment including jet engines and electric turbines.Just imagine the reaction if a company that didn't suck up to Obama 24/7 actually made a profit.
The largest U.S. conglomerate, whose shares were up 2.3 percent in premarket trading, said Friday second-quarter profit attributable to common shareholders came to $3.69 billion, or 35 cents per share, compared with $3.03 billion, or 28 cents per share, a year earlier.
Factoring out one-time items, profit was 34 cents per share.
On that basis, analysts had looked for profit of 32 cents per share, according to Thomson Reuters I/B/E/S.
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