General Electric posts 5 percent rise in industrial profit

July 17, 2015 10:43 AM

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General Electric posts 5 percent rise in industrial profit

General Electric Co (GE.N) said on Friday that its quarterly industrial profits rose 5 percent, as stronger performance in its power division offset weak oil segment results, and the company raised its 2015 outlook for its industrial manufacturing businesses.

Profit for GE's manufacturing businesses rose 11 percent, when excluding the effects of currency swings and deals. Investors are focused even more greatly on the conglomerate's industrial businesses as GE backs away from financial services.

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