UPDATE: General Electric Posts Upbeat Q2 Earnings

General Electric Co GE reported a 0.9% rise in its second-quarter earnings. GE's quarterly profit surged to $3.13 billion, or $0.30 per share, from $3.11 billion, or $0.29 per share, in the year-earlier period. Its operating earnings declined to $0.36 from $0.38 per share. Its revenue dropped 3.5% to $35.12 billion. However, analysts were projecting earnings of $0.35 per share on revenue of $35.56 billion. Its total costs and expenses declined 2.5% to $31.39 billion. Revenue from GE Capital dropped 3.3% to $10.98 billion. GE shares gained 1.57% to $24.00 in pre-market trading.