GE, based in Fairfield, Conn., reported an operating profit per share of 44 cents, a penny higher than analysts polled by FactSet expected. Perhaps more importantly for shareholders, GE’s revenue rose 4 percent to $39.3 billion and beat Wall Street expectations.
CEO Jeff Immelt said the outlook for developed markets remained uncertain. But China and other emerging markets, along with regions that are exploiting natural resources, are growing. GE said its backlog of new business reached a company record of $210 billion.