GE Sees Strong Q2 Profits
Profits increase by 24 percent, company reports double-digit profit growth in all business divisions
But year to date, GE Energy's earnings have inched just 1 percent higher, reflecting a difficult energy market that has only recently begun to turn around.
Meanwhile, GE's massive finance unit also posted a strong quarter, with profit from commercial lending advancing 25 percent to $1.22 billion on $6.09 billion in revenue. Its consumer finance business grew earnings by 23 percent and revenue by 29 percent, GE said.
At NBC Universal, GE's television, film and theme-park business, profit surged 27 percent to $979 million, with revenue rising 12 percent to $3.77 billion, the company said.
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