General Electric (GE) achieved a 21.6 % rise in profit, by beating the analysts estimates

New York, July,22:One of the leading conglomerates of the world General Electric (GE) achieved a 21.6 % rise in profit, by beating the analysts estimates, due to strong surge in the demand outside the US for its heavy equipment including jet engines and electric turbines.

The shares of General Electric  up 2.3 % in premarket trading, after the upbeat number the Q2 performance attributable to common shareholders came to $3.69 billion, or 35 cents per share, with respect to $3.03 billion, or 28 cents per share, a year earlier.

Considering the one-time items, earning was 34 cents per share. On that basis, analysts had estimated for profit of 32 cents per share, according to Thomson Reuters.

The Revenue of General Electric dipped 3.5 % to $35.63 billion, from the last year $37.44 billion, reflecting the sale of a majority holding in its NBC Universal business to Comcast. Analysts had expected $34.7 billion.

General Electric is a minority shareholder in CNBC and CNBC.com.General Electric joins a slew of big U.S. Company reporting Q2 results this week. Their results have been mixed.

Companies that do big busines in outside the US, such as United Technologies, have exceeded Street’s expectations.

The industrial side of the business is "a larger and larger percent of the whole business," Jack de Gan, Principal and Senior Advisor at Harbor Advisory, said over CNBC.

The capital moves that General Electric is making "are all things that are very shareholder-friendly," de Gan said, adding that another dividend rise may be in the cards within a year.

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