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GE Profit Surpasses Estimates While Sales Curbed by Europe
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General Electric Co. profit topped estimates after its industrial order backlog rose to a record $200 billion even as weaker demand in Europe hindered sales in health care.
Profit from continuing operations of 39 cents a share, excluding some items, compared with the 38-cent average from analysts surveyed by Bloomberg. Orders for equipment such as locomotives and medical-imaging machines outpaced growth in related service contracts, which have higher profit margins.