GE Rises as Finance Joins Energy to Fuel Earnings Growth
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General Electric Co. rose after gains in energy, its biggest industrial business, and finance fueled higher earnings than analysts estimated.
Earnings from continuing operations advanced to $4.01 billion, or 38 cents a share, greater than the 37-cent average estimate from analysts. Chief Executive Officer Jeffrey Immelt said the company is on track to expand profit margins in its industrial units by 0.3 percentage point to 0.5 percentage point this year.