's first-quarter earnings were better on both the top and bottom lines than what Wall Street expected as the company works to turn around and simplify its businesses.
GE's industrial free cash flow in the quarter, a key metric that many analysts and shareholders use to judge the health of the company, was a loss of $1.2 billion. Free cash flow is a financial term defined as money left over after a company pays for operating expenses and capital spending and is often used as a gauge of efficiency. The loss was largely expected, as CEO Larry Culp warned investors in March that GE would see between flat to negative $2 billion in free cash flow for 2019.
Down
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