(Bloomberg) — General Electric Co. jumped after the company said cash from its manufacturing operations will probably rise in 2020, supporting Chief Executive Officer Larry Culp’s effort to rescue the iconic maker of jet engines and power equipment.Industrial free cash flow, a closely watched metric that’s viewed as an indicator of earnings potential, is projected to climb to as much as $4 billion this year from $2.32 billion in 2019, GE said in a statement Wednesday as it reported results. Wall Street had been expecting $2.2 billion for this year.“We are solidifying our financial position,” Culp said in the statement.The …read more
Source:: Yahoo Finance
