General Electric Chairman and CEO Larry Culp reached out to the company's shareholders and employees on Thursday, explaining to CNBC's Jim Cramer on 'Mad Money' what GE's 'reset means.'
General Electric Chairman and CEO Larry Culp reached out to the company's shareholders and employees on Thursday, explaining to CNBC's Jim Cramer on "Mad Money" what GE's"reset means."
Culp pointed Cramer to the company's 2019 earnings forecast, released on Thursday morning, as"the plan" to address those problems, he said. His comments came after the first forecast he's given at GE, nearly six months after the company's board of directors appointed Culp as CEO in October. GE announced the company expects 2019 adjusted earnings between 50 cents and 60 cents a share, below the 70 cents a share analysts expected according to Refinitiv.
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