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Actionable news in GE: GENERAL ELECTRIC COMPANY,

GE Beats Estimates as Industrial Cash Generation Climbs $3.1 Billion

General Electric Co. posted higher profit than Wall Street expected during CEO Jeffrey Immelt's last full quarter as head of the digital manufacturing conglomerate, with cash from industrial operations climbing $3.1 billion from a gloomy start to the year.

Profit of 28 cents a share topped the 25-cent average estimate from analysts surveyed by FactSet. Revenue of $29.6 billion compared with estimates of $29.1 billion.

The quarter's industrial cash generation, which totaled $1.5 billion in the three months through June, is an important benchmark for the Boston-based company after negative results in the three months through January when those businesses invested $1.6 billion more than they garnered.

"We expect cash flow to continue to improve throughout the year," said Immelt, who has spent years streamlining the sprawling conglomerate he...


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