Shares of GE rose as much as 5% in premarket trading from its previous close of $11.73.
"The fourth quarter marked a strong close to the year for GE. We met or exceeded our full-year financial targets and are on a positive trajectory for 2020," GE Chairman and CEO Larry Culp said in a statement.EPS: 21 cents vs. 18 cents expected according to analysts surveyed by Refnitiv.While the company's quarterly results better than anticipated, GE's 2020 earnings forecast came in below what analysts surveyed by FactSet expected.
GE forecast that industrial free cash flow, another closely watched metric, would fall between $2 billion and $4 billion in 2020.
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not out of the bankruptcy woods yet though are they?
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