GE warns more pain ahead as pandemic deals $1 billion cash hit [Yahoo! Finance News]
General Electric Company (GE)
Last general electric company earnings: 4/30 04:02 pm
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Source: Yahoo! Finance News
A traffic light is seen in front of a logo of General Electric at the company's plant in BirrBy Rachit Vats and Alwyn ScottReuters) - General Electric Co said on Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months.GE's share were at $6.60 in premarket trading, down from $6.80 at yesterday's market close.The Boston-based conglomerate had earlier this month pulled its 2020 forecast, citing uncertainties created by the coronavirus outbreak, but backed its first-quarter industrial free cash flow expectation of near negative $2 billion.Free cash flow from industrial operations was negative $2.2 billion in the first quarter, missing analysts' estimates of negative $2.02 billion, according to Refinitiv data.GE reported adjusted earnings of 5 cents per share, below the average estimate of 8 cents, according to Refiniti
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GE
Earnings
- 10/22/25 - Beat
GE
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- GE's page on the SEC website