OPINION PIECE

GE CEO expects cash flow to turn positive in H2 of 2020, shares surge

General Electric Co’s shares surged on Wednesday after Chief Executive Officer Larry Culp said the industrial conglomerate’s free cash flow would turn positive in the second half of this year.

The company’s shares, which have fallen about 45.4 per cent so far this year, were last trading up about 11 per cent at $6.77 in afternoon trade.

Culp’s comments at a Morgan Stanley Laguna Conference were more upbeat than the outlook GE provided in July, when it expected free cash flow to be better in the second half of the year.

Source
ET Energy World
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