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General Electric Co. (NYSE:GE) generated a profit and beat Wall Street’s expectations, AND topped the revenue expectation. Net operating income increased 7% to $4 billion (38 cents per diluted share) in the quarter versus a net gain of $3.73 billion in the year-earlier quarter. Revenue rose 3.57% to $39.33 billion from the year-earlier quarter.
General Electric Co. reported net income of 44 cents per share, excluding one-time items. By that measure, the company beat the mean analyst estimate of $0.43. It beat the average revenue estimate of $38.74 billion.
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