GE Tops Estimates After Aviation Sales Surge

General Electric Co. beat Wall Street’s expectations for second-quarter profit and reported surprise positive cash flow as sales at the key jet-engine division soared, buoying the conglomerate despite supply woes that continue to pressure the balance sheet. GE Aerospace’s sales jumped 27% while orders climbed 26% in the period, the company said Tuesday in a statement, as rebounding travel boosted demand. That helped push the parent company’s profit to 78 cents a share, easily outpacing the… (www.bloomberg.com) Mehr...