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GE shows signs of gains in industrial sales

‘‘We should see earnings growth accelerate in the fourth quarter,’’ CEO Jeff Immelt said.

GE Via Associated PRess

‘‘We should see earnings growth accelerate in the fourth quarter,’’ CEO Jeff Immelt said.

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General Electric Co. posted lower third-quarter profit, but improving sales of industrial equipment gave hope to investors that GE’s transformation plan is succeeding. Net income fell to $3.19 billion, or 31 cents per share, vs. $3.49 billion, or 33 cents. The results beat Wall Street expectations on the strength of 11 percent growth in profit at its industrial divisions — those that make aircraft engines, CT-scanners, gas turbines, locomotives, and oil and gas drilling equipment.

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