General Electric's net income rose 49% in the third quarter to $3.49 billion as its recovery from the 2008 financial crisis continues.

Revenue at the company rose $1 billion, or 3%, to $36.35 billion.

GE earned 33 cents per share in the quarter, up from 22 cents per share during the same period last year.

When adjusted to remove the effect of restructuring costs and a gain from the sale of NBC, the company posted earnings of 36 cents per share, which is what analysts had expected.

Analysts had expected slightly higher revenue of $36.95 billion.

General Electric is focusing on its industrial businesses and paring down its financial and other non-industrial divisions.