Oct
22
What Wall Street Has to Say About GE’s Shock Cut to Its Forecast
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GE Shares Tumble After Third-Quarter Earnings Miss Estimates
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Analysts Say ‘Reset’ May Mark Trough, Question Dividend
After General Electric Co. disappointed investors with its quarterly earnings and full-year forecast cut, the stock pared early losses, with several analysts saying the outlook is a total reset that may mark a trough for earnings. Others are now turning their attention to the company’s free cash flow and sustainability of its dividend after drilling into divisional results and stripping away extraneous charges. Shares dropped 0.3 percent to $23.51 at 1:25 p.m. in New York, after earlier falling as much as 6.3 percent, its worst slide in more than two years…
What Wall Street Has to Say About GE’s Shock Cut to Its Forecast
