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Bloomberg: GE Raises Low End of Industrial Forecast Amid Finance Exit

July 17, 2015, 07:11 AM
Filed Under: Industry News

Bloomberg reported General Electric Co. is getting more bullish about profit prospects from industrial operations as Chief Executive Officer Jeffrey Immelt accelerates efforts to shrink the GE Capital finance unit.

According to the Bloomberg report, GE boosted the low end of its 2015 forecast for earnings from manufacturing. The new projection is $1.13 to $1.20 a share, up from a range starting at $1.10. Additionally Bloomberg reported that second-quarter adjusted profit of 31 cents a share beat analysts’ 28-cent average estimate.

To read the full Bloomberg article, click here.

To read the full General Electric earnings release, click here.

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