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Fletch

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Fletch

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Friday, 07/12/2002 7:59:35 AM

Friday, July 12, 2002 7:59:35 AM

Post# of 704019
GE's Net Income Rises 14 Percent
Fri Jul 12, 6:34 AM ET

FAIRFIELD, Conn. (Reuters) - General Electric Co. on Friday said second-quarter earnings rose 14 percent on strong gas turbine sales, but reinsurance losses and a write-down on WorldCom bonds nicked the conglomerate's profits.


The maker of everything from jet engines to light bulbs to washing machines said it earned $4.4 billion, or 44 cents a diluted share, compared with $3.89 billion, or 39 cents a diluted share, in the year-ago quarter.

Analysts were looking for GE to earn 43 cents to 46 cents a share with a mean of 44 cents, according to research firm Thomson First Call.

http://story.news.yahoo.com/news?tmpl=story&ncid=580&e=2&cid=580&u=/nm/20020712/bs_n...

http://www.cme.com/httpwrapper.cfm?wrap=/wrappedpages/delayed_intraday_quotes/10min_globex_flash_quo...


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