GE Profit Rises as S&P Industrials Top Estimates
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General Electric Co. climbed the most since 2011 after second-quarter earnings beat analysts’ estimates, joining the 93 percent of Standard & Poor’s 500 Index industrial companies posting higher-than-expected profit.
Adjusted profit from continuing operations was 36 cents a share, GE said today in a statement, exceeding the 35-cent average of 13 analysts’ projections compiled by Bloomberg. Net income at Honeywell International Inc. and Ingersoll-Rand Plc also surpassed estimates.