GE earnings rise 49 pct in 3Q; revenue up

GE'S net income rose 49 per cent in the third quarter to $US3.49 billion ($A3.38 billion) as its recovery from the 2008 financial crisis continues.

Revenue at the US-based multinational conglomerate rose $1 billion, or 3 per cent, to $36.35 billion.

GE earned 33 cents per share in the quarter, up from 22 cents per share during the same period last year.

When adjusted to remove the effect of restructuring costs and a gain from the sale of NBC, the company posted earnings of 36 cents per share, which is what financial analysts expected, on average, according to FactSet.

Analysts expected slightly higher revenue of $36.95 billion.

General Electric Co., based in Fairfield, Connecticut, is focusing on its industrial businesses and paring down its financial and other non-industrial divisions.

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