UPDATE: GE Reports 21% Surge In Q2 Net Income; Shares Rise In Pre-Market

General Electric Co

reported a 21% rise in its second-quarter net income. GE's quarterly earnings surged to $3.77 billion, or $0.35 per share, from $3.11 billion, or $0.28 per share, in the year-ago period. Its operating earnings came in at $0.34 per share. GE's earnings from continuing operations came in at $0.33 per share. Its revenue declined to $35.63 billion from $36.93 billion. However, analysts were expecting earnings of $0.32 per share on revenue of $34.72 billion. GE shares gained 2.30% to $19.60 in pre-market trading.