General Electric Co said on Tuesday first-quarter profit from its continuing ope...
- General Electric Co said on Tuesday first-quarter profit from its continuing operations more than tripled, helped by higher sales in its aviation, oil and gas, and healthcare units.
GE reported $1.2 billion in negative cash flow from its industrial business, much better than the $2.16 billion outflow that analysts, on average, were expecting. Culp had said this “reset” would result in negative cash flow at its ailing power business through 2020 before turning positive in 2021. GE wrote down $22 billion in goodwill at the unit last year.
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