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GE sees profit up in 4 units in 2nd quarter

General Electric Co. said Friday it sees profit rising at at least four of its six operating units in the second quarter.
/ Source: Reuters

General Electric Co. said Friday it sees profit rising at at least four of its six operating units in the second quarter.

GE sees profit up 20 percent or more at its infrastructure unit in the current quarter and up 10 to 15 percent at its commercial finance unit, according to slides posted on GE's Web site ahead of a conference call with investors.

It sees profit up about 10 percent at GE Money in the second quarter and up 5 to 10 percent at the healthcare unit, according to the slides.

GE sees the NBC Universal unit's profit flat to up 5 percent, and it sees profit in its industrial unit falling 10 to 15 percent, according to the slides.

Earlier Friday, GE, which has operations ranging from jet engines to NBC media, said first-quarter net earnings rose to $4.51 billion, or 44 cents a diluted share, from $4.44 billion, or 42 cents a share, a year earlier.

For the second quarter, analysts on average expect the company to report profit of 53 cents a share, according to Reuters Estimates.