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GE shares rebound as CEO Culp sees power business bouncing back next year: 'Game on'

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GE shares rose in premarket trading as CEO Larry Culp gave investors an upbeat long term outlook on the company's struggling power business.

General Electric shares rose in premarket trading as CEO Larry Culp gave investors on Thursday an upbeat long term outlook on the company's struggling power business.

GE's power business saw negative cash flow of $2.7 billion in 2018 and Culp warned that"it will be worse" in 2019. But it's"game on" this year, Culp said, as he aims to get things back on track. "Power is in a serious turnaround mode. This is not going to be quick, by any stretch," Culp said on the company's conference call on Thursday.

 

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