GE profit tops estimates, shares rise in ‘relief rally’

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General Electric Co (GE.N) posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.

…company’s aviation, transportation and healthcare businesses produced double-digit profit growth in the quarter, boosting overall results.

Profit at GE’s power business fell 38 percent on a 9 percent decline in sales; orders dropped 29 percent.

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Follow Warrens advice, never buy turnarounds, uncertainty way to high.




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