General Electric's ( GE) second-quarter earnings rose 4% from last year, matching estimates, as every business unit except NBC Universal saw double-digit earnings growth. GE earned $4.85 billion, or 47 cents a share, in the quarter, compared with $4.38 billion, or 44 cents a share, a year ago. Analysts surveyed by Thomson First Call were forecasting earnings of 47 cents a share in the latest quarter. On the top line, revenue rose 9% to $39.9 billion, topping estimates by about $300 million. Among segments, second-quarter earnings rose 10% from a year ago at infrastructure to $2.11 billion; rose 15% at industrial to $729 million; rose 18% at health care to $795 million; rose 21% at commercial finance to $1.1 billion; and rose 20% at consumer finance to $880 million. At NBC, profits fell 10% to $882 million. "We are making good progress at NBC Universal, which continues to improve with increasing ratings and a diversified business model of content leveraged across all delivery platforms," GE said. "This is our sixth straight quarter of organic revenue growth that meets our goal of 2-3 times GDP. This consistent performance demonstrates the quality of our businesses and the excellence of our execution," GE said. "We see this string continuing. Total company orders were up 17% for the quarter, showing strong future demand for our products and services. Orders for equipment increased 33%, including a 59% surge in Infrastructure orders, while services orders increased 13%." For the third quarter, GE pegged continuing-operations earnings at 48 cents to 50 cents a share; the Thomson First Call consensus estimate is 50 cents a share. For the year, GE sees earnings of $1.94 to $2.02 a share; the consensus is $1.99 a share. The company's shares closed at $32.67 Thursday night, 16.2 times the high end of the 2006 profit forecast and 14.4 times next year's Thomson First Call consensus estimate of $2.27 a share. GE shares are down 5% this year.