(Adds details on cash flow, adjusted earnings, share price)
July 21 (Reuters) - General Electric Co reported a 12 percent drop in revenue for the second quarter, as weakness in its energy connections business offset strength in renewables and power units.
Net profit slumped 58 percent to $1.34 billion, or 15 cents a share, in the quarter ended June 30, from $3.30 billion, or 36 cents a share, a year earlier.
GE's energy connections business provides electrification and automation products to the oil and gas, mining, utility and marine industries.
Revenue fell to $29.56 billion from $33.49 billion, slightly better than the $29.02 billion consensus estimate of analysts polled by Thomson Reuters I/B/E/S.
Adjusted earnings fell 45 percent to 28 cents a share, compared with estimates for 25 cents.
GE's closely watched cash flow from operations fell 67 percent to $3.6 billion from a year ago, reflecting the loss of contributions from the appliances division that the company sold.
But the figure was up from $400 million in the first quarter, and GE said it expects cash flow to increase during the remainder of the year.
The company affirmed its full-year forecast for cash flow, profit, revenue and operating margin.
Shares were up nearly 1 percent in premarket trading at $26.95. (Reporting by Alwyn Scott in New York and Rachit Vats in Bengaluru; Editing by Saumyadeb Chakrabarty)