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-0.000707714083510247 -0.000707714083510247 0 -0.000707714083510247 0.00141542816702049 0 0.000707714083510247 0.000707714083510247
Stock impact report

Why General Electric Company Stock Tumbled Today [The Motley Fool]

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: The Motley Fool
Shares of the conglomerate fell after its CEO issued a pair of warnings on the company's growth. Jeremy Bowman ( TMFHobo ) May 23, 2018 at 6:10PM What happened Shares of  General Electric  ( NYSE:GE ) took a dive today after CEO John Flannery cooled off hopes of a speedy turnaround at the struggling conglomerate. He warned that the industrial giant's power division wouldn't see profit growth until 2020, and also said he couldn't guarantee the company would be able to keep paying a dividend.  As a result, the stock finished down 7.3%. Image source: General Electric. So what Speaking at the Electrical Products Group conference, Flannery cautioned on the two accounts above, and lowered the company's profit margin target in the power division to 10% in the near term from the low- to mid-teens, which could affect the company's credit ratings. Show less Read more
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