UPDATE 1-General Electric CEO affirms weak forecasts, signaling stable outlook [Reuters]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
Check Earnings Report
US:NYSE Investor Relations:
ge.com/investor-relations/overview
Company Research
Source: Reuters
General Electric CEO affirms weak forecasts, signaling stable outlook (Reuters) - General Electric Co Chief Executive Officer Larry Culp affirmed the ailing conglomerate’s weak forecasts for 2019 and beyond on Wednesday, a potential sign of stability after his predecessors repeatedly missed financial goals. GE expects to lose as much as $2 billion in free cash flow this year, but sees the outflow ending in 2020 and an “acceleration” of cash flow improvement in 2021, Culp said at the annual Electrical Products Group conference in Florida. That’s in line with what he forecast in March and April. Culp stressed the difficulties the company still faces in improving its financial results. “I think we’re making progress but I don’t want anyone to walk out of here thinking this is something that is easily fixed,” Culp said. “There’s a lot to do here.” GE shares were down 0.2% at $9.94 at midday. Culp gave fresh detail about how he is reworking operations, ticking off several problems that str
Show less
Read more
Impact Snapshot
Event Time:
GE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GE alerts
High impacting GE Aerospace news events
Weekly update
A roundup of the hottest topics
GE
News
- Paralleling Switchgear Market Size Valuation to Reach US$ 3.00 Billion by 2034, With a 5.80% CAGR | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- MGI Tech's DNBSEQ-T20x2* Gene Sequencer Named 2024 Edison Award™ Gold Winner [Yahoo! Finance]Yahoo! Finance
- Dr. Peggy Duggan of Tampa General Hospital Is Recognized as a 2024 Chief Medical Officer to Know [Yahoo! Finance]Yahoo! Finance
- Global Electronic Health Records Market Size To Worth USD 52.03 Billion By 2033 | CAGR of 5.06% [Yahoo! Finance]Yahoo! Finance
- UK nuclear power strategy takes shape [Reuters]Reuters
GE
Earnings
- 1/23/24 - Beat
GE
Sec Filings
- 4/15/24 - Form 3
- 4/15/24 - Form 3
- 4/15/24 - Form 3
- GE's page on the SEC website