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May 30, 2012

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Profit jumps at G.E.

Thursday, April 20, 2000 | 11:33 a.m.

General Electric Co. said its earnings rose 20 percent in the first quarter, led by strong performances at its industrial systems and NBC units.

Earnings were $2.59 billion, or 78 cents per share, compared with $2.16 billion, or 65 cents per share, in the same period a year ago.

The results beat the expectations of Wall Street analysts by a penny, according to First Call/Thomson Financial.

Revenues in the quarter rose 24 percent to $30 billion, up from $24.17 billion a year ago.

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