GE surges for a second quarter as turnaround strategy pays off
General Electric raised its cash-flow forecast for a second straight quarter, with industrial businesses to generate up to $2bn in free cash in 2019
30 October 2019 - 17:39
New York — General Electric (GE) surged after the manufacturer raised its 2019 cash-flow forecast for the second straight quarter, giving CEO Larry Culp’s turnaround effort a much-needed boost.
The industrial businesses will generate as much as $2bn in free cash in 2019, GE said on Wednesday as it reported third-quarter earnings. The company previously projected no more than $1bn in cash flow...
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