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GE Posts Fourth Straight Profit Rise as Industrial Orders Gain [Bloomberg]
General Electric Co. (GE) posted a fourth straight quarter of profit growth, beating analysts’ estimates, as equipment orders increased, and boosted the dividend for the third time since July. First-quarter profit from continuing operations rose 58 percent to $3.58 billion, or 33 cents, excluding pension results, up from $2.26 billion, or 20 cents, a year earlier, GE said. That exceeded the average estimate of 28 cents a share from analysts surveyed by Bloomberg.