By Atlanta Business Chronicle

GE Energyâ¿¿s segment profit dipped as parent General Electric Co.'s (NYSE: GE) third-quarter net income rose about 57 percent.

The Fairfield, Conn.-based company, parent of Atlanta-based GE Energy, said its consolidated net income rose to $3.22 billion, or 22 cents a share, compared with net income of $2.01 billion, or 18 cents a share in the third quarter of 2010.

Revenue was flat at roughly $35.37 billion during the third quarters of both 2011 and 2010.

GE chairman and CEO Jeff Immelt noted in a news release that this was the sixth consecutive quarter of double-digit growth in operating earnings despite ⿿a volatile macro environment.⿝

⿿We improved earnings, achieved solid double-digit infrastructure order growth, executed on our balanced capital allocation plan and maintained a strong balance sheet,⿝ he said in the release. ⿿We ended the quarter with a record high order backlog of $191 billion and we remain confident in our full- year 2011 operating framework.⿝

GE Energy's revenue jumped 30 percent to $10.85 billion, while segment profit went down 9 percent to $1.5 billion. Its segment profit also declined 9 percent in the second quarter.

GE noted more than $3 billion in new customer wins across its Energy business during the third quarter. This included $800 million of wins to supply gas and wind turbines for projects in Brazil that will produce 1.4 gigawatts of electricity.

To view GEâ¿¿s full earnings report, click here.

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