GE Shares Fall as Industrial Orders Fall Short

GE may have topped earnings forecasts, but diminishing orders weighed on shares.
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Shares of General Electric (GE) - Get Report were lower Friday after the manufacturer posted its second quarter earnings above analyst forecast, but below targets for industrial orders. GE posted second-quarter earning of $0.51 a share, 12 percent higher than consensus forecasts, and sales of $33.5 billion, which also beat expectations. But investors appeared underwhelmed by the results, as industrial orders slipped 16 percent from the same period last year.GE CEO Jeff Immelt saying that the 'diversity and scale of our portfolio enabled the company to perform well despite a volatile and slow-growth economy,' noting he expects 'strong organic growth' in the second half of the year. 

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