General Electric News 2020

Why ge stock is tumbling 5 to historic lows today coronavirus concerns are hitting ge stock by william white investorplace writer may 13 2020 2 24 pm edt may 13 2020. Ge problems started three years ago when ge stock fell over 50 the debate over its comeback was hot but things took a turn for the worse in 2018 it fell below 7. Get the latest general electric company ge stock news and headlines to help you in your trading and investing decisions.

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General electric news 2020.

The pandemic may deal a death blow to general electric company which has struggled for years to reform a bloated organization and shed high debt the company missed first quarter 2020 earnings. Currently the zacks consensus estimate for general electric s earnings is pegged at 43 cents for 2020 and 65 cents for 2021 suggesting declines of 20 4 and 9 7 from the respective 60 day ago. The two industrial giants general electric nyse. Ge has faced a disastrous time in 2020.

Despite posting an impressive recovery at the start of 2020 ge shares fell off a cliff into the recession and its prized. General electric s q2 earnings report was mixed while a key cash flow metric topped views but the company warned the macro environment could get worse before getting better ge stock turned. Now recall that ge s fcf guidance for 2020 of 2 billion to 4 billion assumes the 737 max won t return to service before the middle of the year.

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