GE reports smaller loss as business recovers from pandemic lows

Cash flow for its industrial operations was $514 million in the third quarter, compared with the average analyst estimate of an outflow of $876 million. GE has laid out plans to cut $2 billion in costs, a great deal of which is at the aviation unit. Revenue at GE’s aviation unit fell 39% in the quarter compared with last year, while in the power business it rose 3%. …read more

Source:: Yahoo Finance


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.