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GE posts 15 percent revenue increase


General Electric Co. posted a 15 percent increase in revenue, from $29.23 billion to $33.49 billion, for the second quarter, making for a profit of $2.89 billion or $0.36 earnings per share (EPS), compared with a loss of $1.36 billion or $0.17 EPS a year ago.

The results made for the company’s best EPS increase since the first quarter of 2011.

GE, currently in the midst of relocating its headquarters from Fairfield to Boston, said its industrial organic revenue fell 1 percent to $24.4 billion, while orders decreased by 2 percent to $12.9 billion.

The company also reaffirmed 2016 operating EPS guidance for $1.45-1.55.

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