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-0.00114416475972544 -0.0015255530129673 -0.00266971777269261 -0.000907704042715537 -0.00314263920671243 -0.00610221205186881 0.000762776506483584 0.00305110602593434
Stock impact report

UPDATE 6-GE beats on EPS, but trims cash flow target, shares fall [Reuters]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Reuters
GE beats on EPS, but trims cash flow target, shares fall | Reuters 5 Min Read (Reuters) - General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its outlook for the year and sending shares sharply lower. The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to generate perhaps $1 billion less free cash flow than expected this year. The forecast cast doubt on GE’s full-year adjusted profit target of $1.00 to $1.07 a share. Though GE affirmed that target on Friday, many analysts see it as unrealistic and had cut estimates after GE’s weak first-quarter results. “We are getting questions as to how the company can maintain EPS guidance while cutting free cash flow guidance,” JPMorgan analyst Stephen Tusa wrote in a note on Friday. He expects the stock to fall on Friday as the consensus for its full-year earnings are further reduced in light of Friday’ Show less Read more
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