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.