GE profit up 14%, meeting expectations
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From Times Wire Services
General Electric Co. said its third-quarter earnings rose 14% as its energy and transportation businesses did well.
The results from the industrial, finance and media conglomerate, whose businesses include making aircraft engines and running the NBC television network, matched Wall Street forecasts.
The company earned $5.54 billion, or 54 cents a share, in the three months ended Sept. 30, up from $4.87 billion, or 47 cents, a year earlier.
Revenue rose 12% to $42.5 billion from $37.8 billion.
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