GE tumbles as CFO sees earnings trending to low end of forecast

GENERAL ELECTRIC CO. is trending towards the bottom of the company's profit forecast as CEO Jeffrey Immelt prepares to leave the company./ BLOOMBERG FILE PHOTO/AKOS STILLER
GENERAL ELECTRIC CO. is trending towards the bottom of the company's profit forecast as CEO Jeffrey Immelt prepares to leave the company./ BLOOMBERG FILE PHOTO/AKOS STILLER
NEW YORK - General Electric Co. said it’s trending toward the bottom end of its profit forecast this year as the manufacturer faces ongoing challenges in the oil and gas market. Shares plunged in premarket trading after the company said it’s facing hurdles in the resources markets. The company’s power business and its oil and…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -