General Electric forecasts earnings below analysts’ expectations

General Electric Co forecast adjusted earnings of between 50 cents and 60 cents per share in its 2019 outlook on Thursday, below analysts’ expectations of around 70 cents as new Chief Executive Larry Culp plows ahead with asset sales and restructuring.

The U.S. industrial conglomerate, which spooked investors last week by warning of a net cash outflow from its industrial businesses this year, said it expects adjusted industrial free cash flow of between negative $2 billion and flat.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sobeys parent Empire reports fall in adjusted fourth-quarter earningsAdjusted net earnings fell to $72.9 million or 27 cents per share from $89.9 million or 33 cents per share a year earlier
Source: globeandmail - 🏆 5. / 92 Read more »

Spin Master shares fall day after reporting lower earningsThe Toronto-based company behind popular brands including Paw Patrol and Hatchimals says the liquidation of the roughly 700 U.S. Toys R Us stores will continue to disrupt the retail landscape for the first half of the year
Source: globeandmail - 🏆 5. / 92 Read more »