General Electric have announced positive results for the last quarter, which was made possible laGE signrgely by the performance of its power unit.

Excluding items, the company earned 51 cents per share, beating the average analyst estimate of 46 cents, according to Thomson Reuters.

Total revenue rose 15 per cent to $33.49bn, helped by a 31 per cent rise in revenue from the power business.

During the quarter, the maker of power plants, aircraft engines, locomotives and other industrial equipment shed its designation as a non-bank systemically important financial institution after divesting most of its GE Capital business.

 

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