GE Provides Updates on Guidance and First Quarter
General Electric Company (GE)
Last general electric company earnings: 4/30 04:02 pm
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US:NYSE Investor Relations:
ge.com/investor-relations/overview
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Source: Business Wire
GE withdraws financial guidance due to uncertainty associated with COVID-19Preliminary view of first-quarter results indicates adjusted EPS* materially below prior guidance of about $0.10; Industrial free cash flow* near the prior guidance of negative $2 billion BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) today provided an update on its financial guidance and first-quarter performance.Given the evolving nature of the COVID-19 pandemic, at this time, GE cannot forecast with reasonable accuracy the full duration, magnitude, and pace of recovery across our end markets, operations, and supply chains. Therefore, the Company believes it is prudent to withdraw guidance for 2020.For the first quarter ended March 31, 2020, GE preliminarily expects adjusted EPS* to be materially below its prior guidance of about $0.10, which the Company had shared on March 4, 2020. GE preliminarily expects Industrial free cash flow* to be near the prior guidance of about negative $2 billion. Total company adjusted
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