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0.00266844563042034 0.00266844563042034 0.000773849232821974 -0.00266844563042022 -0.0146764509673115 -0.0226817878585724 -0.0226817878585724 -0.0226817878585724
Stock impact report

General Electric Withdraws First-Quarter Financial Guidance [TheStreet.com]

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: TheStreet.com
General Electric(GEGet ReportThe Boston industrial group doesn't see a path to reaching its previously stated earnings guidance of 10 cents a share.Industrial free cash flow should come in "near" guidance of about negative $2 billion, GE said in a statement."Total company adjusted earnings per share deteriorated to a greater extent than industrial free cash flow, primarily due to non-cash and timing items in aviation, renewable energy, and GE Capital."Chief Executive H. Lawrence Culp said GE was moving quickly "to position GE to come out stronger on the other side of the covid-19 crisis. With net proceeds of about $20 billion from the BioPharma transaction now in hand, we have more flexibility to derisk and further strengthen our balance sheet."The company said that it would give additional details during its first-quarter-earnings call scheduled for April 29.Meantime, GE has taken numerous actions to manage risk in the near term."We are committed to bringing down our leverage over ti Show less Read more
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