Shares of multinational conglomerate General Electric (GE) closed 1.2% higher on Tuesday after the company delivered strong financial results for the second quarter of 2021, driven by growth across all its business segments. Based out of Massachusetts, General Electric provides technologies and solutions to the locomotive, additive manufacturing, renewable energy, power, healthcare, aviation and digital industries. It also offers leasing and financial underwriting services. Adjusted earnings per share (EPS) stood at $0.05, beating the Street’s estimate of $0.04. The company had reported a loss of $0.14 per share in the second quarter of 2020. Total revenues increased 9% year-over-year to $18.3 billion, marginally surpassing analysts’ expectations of $18.13 billion.
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General Electric (NYSE:GE)
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