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GE Delivers Strong Industrial Earnings and Order Growth

Earnings growth is coming from areas where management has made explicit investments which are finally starting to bear fruit, says Morningstar's Daniel Holland.

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 General Electric (GE) started 2012 off on a strong note, producing first-quarter operating earnings of $0.34 per share, up 17% from the prior year after excluding one-time 2011 items. 

The company increased industrial revenue 14%, with the energy segments as well as aviation and transportation growing double digits from last year. In addition to the strong top-line performance, GE's orders grew 20%, which we think reflects an improvement in end markets and healthy prospects for the next several quarters.

Daniel Holland does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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