GE’s Fairfield industrial conglomerate General Electric Co. said Friday that earnings grew 21 percent in the second quarter as its GE Capital lending arm continued to recover from the recession, The Associated Press reports.
The industrial and financial giant reported income of $3.76 billion, or 35 cents per share, for the three months ended June 30. That compares with $3.11 billion, or 28 cents per share, for the same part of last year.
Revenue fell 4 percent to $35.6 billion, in part because of GE’s sale of a majority stake in NBC Universal to Comcast in February.
GE’s results beat Wall Street estimates for 32 cents per share on revenue of $34.7 billion, according to FactSet.
