General Electric profit rises 1% to $3.13 billion

LONDON (MarketWatch)
Dow component General Electric Co.  reported a 1% rise in second-quarter net earnings to $3.13 billion, or 30 cents a share, up from $3.11 billion, or 29 cents a share, in the year-ago period Operating earnings, however, fell 5% to 36 cents a share
The company said positive items of 2 cents per share were more than offset by 4 cents per share of restructuring and other items
Revenue slipped 4% to $35.12 billion
Analysts surveyed by FactSet expected earnings of 35 cents a share on revenue of $35.51 billion This quarter we delivered Industrial segment profit growth
We continue to execute on operational priorities within our control: achieving our cost-out goals, maintaining a very strong cash position, reducing the size of GE Capital, and returning substantial cash to shareholders
Our overall framework for the year is unchanged," said Chairman and Chief Executive Jeff Immelt