GE 21 percent 2Q profit, the financial arm improves

NEW YORK (AP)--General Electric Co., said Friday that earnings increased by 21% in the second quarter under his ready arm continued to recover from the recession of GE giant Capital.Le industrial and financial reported income of $ 3.76 billion, or 35 cents per share, for the three months ended June 30. That compares to 3.11 billion, or 28 cents per share, for the same part of last year.Income is fell 4 per cent to 35.6 billion, due in part to the sale of GE, a majority stake in NBC Universal to Comcast in the results of the February.GE Beats Wall Street estimates for 32 cents per share on revenue of $ 34.7 billion, according to the Capital of FactSet.GE more than doubled its profit to 1.66 billion in the quarter. The growth of compensation of signals a continued rebound of lending. After billions of dollars of losses and deficiencies in the reservation during the recession, GE Capital has been active excretion. And the global commercial real estate market has been slowly improve as the economy gradually recovers."We continue to see strong demand for credit," said GE Chairman and CEO Jeff Immelt. Income consumers and commercial GE ready companies increased 57% to 100%, respectively.The Fairfield, Conn., company also said that income growth was particularly strong on the international scene; including the India, China, Asia, Africa, Russia, Australia, company locomotive of the Canada and Latin America.GE rose in April to June with a jump to almost 7 times higher profits $ 178 million.The industrial company posted modest results against smaller rivals. Medical and industrial instruments manufacturer Danaher Corp. earnings jumped 74% in the second quarter, while United Technologies posted a jump of 19 percent of its profit in the second quarter.GE aviation company has registered an increase of 9% of revenues, and its health business increased 8 per cent profit. Profits dropped, however, energy company GE infrastructure by 19 per cent as prices collapsed for wind and other renewable energy equipment.The company has aggressively expanded its energy company with a chain of trafficking over the past nine months are about $ 11 billion. GE plans to buy Converteam, Dresser Inc., Wellstream Holdings, lineage Power Holdings and wells-support of the John Wood Group company. "" We are optimistic about our prospects for growth in the second half and beyond ", said Immelt.Actions reached 39 cents $19.55 in premarket trading.