GE stock falls to a 9-year low below $12 per share [MSN Money]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: MSN Money
General Electric shares fell below $12 per share Wednesday for the first time since July 24, 2009, plowing a new low for the stock this year as investors appear concerned about the embattled industrial company's turnaround plan. Shares of GE fell more than 2 percent in trading, slipping as low as $11.94 per share. The stock has fallen more than 11 percent this month. © Provided by CNBC GE continues on CEO John Flannery's plan to trim the company down three core business of aviation, power and healthcare. Flannery said during GE's second-quarter earnings last month that he had essentially completed the target of $20 billion of dispositions promised when he became shareholder. GE's power business continues to bludgeon the company's earnings, with its most recent quarter showing a 58 percent fall in profits from the same period last year. A turnaround in power is going to be a multiyear fix, Flannery said. He told shareholders that GE sees a very clear plan of what we need t
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GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website