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General Electric reported 22% profit growth for the Q2

The General Electric's profit rose in the second quarter with 21.6 percent annually to 3.69 billion, helped by increased demand for jet engines and equipment for oil and natural gas. The profit before extraordinary income / expenses is 34 cents per share - slightly above the forecast of analysts 32 cents. The Revenues of the Group for the period decreased by 3.5% yoy to 35.63 billion dollars in analyst expectations for 34.7 billion, reflecting the sale of majority stake in NBC Universal to Comcast Corp. The largest U.S. conglomerate said that its results for the quarter were supported from the sales of locomotives, which offset weaker demand for wind turbines. GE General orders have increased by 24% to a volume of 189 billion dollars, says chief executive officer Jeffrey mistletoe, which has encouraged growth in the remainder of the year and beyond. The industrial company revenues outside the U.S. increased by 23% annually for a period exceeding total revenue growth from continuing operations, which is 7%.
The analysts say this indicates that the focus of General Electric to emerging markets is paying off.