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GE Tops Estimates After Aviation Sales Surge

  • Profit, cash flow in second quarter beats analyst estimates
  • Rebounding aerospace demand was a ‘key driver,’ CEO says
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General Electric Co. beat Wall Street’s expectations for second-quarter profit and reported surprise positive cash flow as sales at the key jet-engine division soared, buoying the conglomerate despite supply woes that continue to pressure the balance sheet.

GE Aerospace’s sales jumped 27% while orders climbed 26% in the period, the company said Tuesday in a statement, as rebounding travel boosted demand. That helped push the parent company’s profit to 78 cents a share, easily outpacing the 37-cent average of analysts’ estimates compiled by Bloomberg.