GE profit, cash flow beat estimates on strong aviation business

📆 29/01/2020 10:18 a. m.
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GE profit rises 30per cent on aviation boost

REUTERS: General Electric Co on Wednesday reported a 30 per cent jump in quarterly profit that beat analysts' estimates, boosted by its aviation business, but forecast 2020 profit below estimates.

On an adjusted basis, GE earned 21 cents per share, topping analyst estimates of 18 cents a share, according to data from Refinitiv.Free cash flow from industrial operations totalled US$3.9 billion in the quarter, beating analysts estimates of US$3.4 billion, according to Refinitiv data.Earnings from continuing operations attributable to GE shareholders rose to US$663 million in the fourth quarter ended Dec 31 from US$509 million a year earlier.

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