GE posts another loss, raises cash flow forecast

GE posts another loss, raises cash flow forecast
FILE PHOTO: The logo of U.S. conglomerate General Electric is seen on the company building in Belfort, France, October 19, 2019. REUTERS/Vincent Kessler -
Euronews logo
Text size Aa Aa

(Reuters) – General Electric Co <GE.N> on Wednesday posted a $1.3 billion (£1.01 billion) loss in the third quarter as it continued its efforts to reboot several of its businesses after taking a $22 billion charge a year ago.

The company also raised its full-year industrial free cash flow forecast to between flat and $2 billion, compared with its earlier forecast of negative $1 billion to positive $1 billion.

The company’s loss from continuing operations attributable to shareholders was $1.33 billion in the quarter ended Sept. 30, compared with a loss of $22.96 billion a year earlier.

Loss per share from continuing operations was 15 cents from a loss of $2.64, the company said. (

On an adjusted basis, GE earned 15 cents per share.

Total revenue fell to $23.36 billion from $23.39 billion.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D’Silva)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.