General Electric CEO Larry Culp may be more optimistic about the company's future but Stephen Tusa is warning that GE's turnaround hasn't happened yet.
General Electric CEO Larry Culp may be more optimistic about the company's future than ever before but a top Wall Street analyst is warning that GE's turnaround hasn't happened yet.
Culp warned in an outlook released Thursday that near term results will remain under pressure. But Culp expects his company's performance will"be significantly better" in 2020 and 2020, he said. GE shares rose more than 3 percent on Thursda
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
GE says its reserves are enough, seeking premium increasesGeneral Electric Co said on Thursday its current reserves for long-term care ins...
Lire la suite »
Traders bet that GE shares will shed another 20 percent in the next three monthsGeneral Electric's stock has been rattled by the company's ongoing turnaround and negativity on Wall Street. One investor says traders are betting on more weakness.
Lire la suite »
GE seeks better insurance returns in junk bonds, other risk assetsGeneral Electric Co will invest more heavily in junk bonds, private equity and o...
Lire la suite »
Two longest tenured GE board members retiring with no proposed replacementsGeneral Electric will ask shareholders this year to nominate only 10 directors to the company's board, as GE's two longest tenured directors will be retiring, according to a filing submitted Friday.
Lire la suite »
GE shares drop after giving 2019 earnings forecast lower than Wall Street estimatesGeneral Electric gave shareholders an updated earnings forecast on Thursday.
Lire la suite »
GE shares rebound as CEO Culp sees power business bouncing back next year: 'Game on'GE shares rose in premarket trading as CEO Larry Culp gave investors an upbeat long term outlook on the company's struggling power business.
Lire la suite »
GE forecasts 2019 profit below estimates, shares fallGeneral Electric Co forecast profits for 2019 that were below analysts' est...
Lire la suite »
How GE Built Up and Wrote Down $22 Billion in AssetsAfter General Electric bought Alstom’s power business in 2015, it made some puzzling decisions by adding and keeping some of the goodwill on its books that later was erased by the company’s giant write-down.
Lire la suite »
GE Just Lifted the Veil on Its Insurance Business. Here’s What Investors Learned.The changes in GE’s insurance unit mirror changes that new CEO Larry Culp has been making across the entire company since his arrival last year.
Lire la suite »