The shares of General Electric Company (NYSE:GE) hinted at the positive sentiments after the company posted in line results for its second quarter. According to a statement, General Electric Company (NYSE:GE) posted operating earnings of $3.9 billion, translating into operating earnings per share of $0.39, excluding items, and reflecting an increase of 8% year-over-year. During the same quarter, the revenues of the company came in at $36.2 billion versus the estimate of $36.30 billion, which implies a 3% growth on the year. Overall, the analysts appeared positive about the results, which can be figured out by the comments of Jack De Gan, the CIO of Harbor Advisory, who shared his views about the company’s results during an interview with CNBC.

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The company’s Chairman and Chief Executive Officer, Jeff Immelt was contented with the way company performed.

“GE had a good performance in the quarter and in the first half of 2014, with double-digit industrial segment profit growth, 30 basis points of margin expansion and nearly $6 billion returned to shareholders. […] The environment continues to be generally positive.”

His views were supported by Gan as he said that over the cycle, General Electric Company (NYSE:GE) can grow its earnings as well as dividends higher at a rate of 1-2% over the S&P 500 and thus, expects the company to perform better in the forthcoming time.

At the same time, Gan was optimistic about the approach General Electric Company (NYSE:GE)’s Immelt is bringing the transformation in the company as evidenced from its recent talks of acquisitions for three different groups of companies.

“I think what’s really important here in the focus of investors, because that’s the way we’re looking at this stock is from the point of view of our clients is that Mr. Immelt is really accelerating the rate of change in the portfolio. With the three transactions going on, Alstom SA being the third that’s going to change the composition of total revenues by over 15%,” concluded Gan.

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