GE soars as another boost to cash forecast buoys turnaround

GENERAL ELECTRIC CO. reported a loss of $9.4 billion in the third quarter, an improvement from the company's previous quarters. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
GENERAL ELECTRIC CO. reported a loss of $9.4 billion in the third quarter, an improvement from the company's previous quarters. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
NEW YORK – General Electric Co. 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 $2 billion in free cash this year, GE said Wednesday as it reported third-quarter earnings. The company previously…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display