By Scott Malone 1 hour, 30 minutes ago BOSTON (Reuters) - General Electric Co (GE.N) on Friday posted a second quarter profit that met Wall Street forecasts, helped by better-than-expected results at the company's finance operations and sending shares higher in early trading.The results come three months after GE stunned Wall Street with an unexpected drop in quarterly profit, saying the global credit crunch and near collapse of Bear Stearns Cos had taken a heavy toll on its finance arms, which make up about half its business.
"There was a lot of concern as to the credit crisis that was going on and how it was going to effect GE Money," said Perry Adams, vice president and senior portfolio manager at Huntington Private Financial Group, in Traverse City, Michigan. "They were down 9 percent, but consensus had them down 15 to 20 percent."
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