GE profit slumps; shares in 'limbo' as investors await new CEO's targets
The maker of power plants, jet engines, medical scanners and other industrial equipment said its profit and sales declines largely reflected sale of its appliances business, and it affirmed its full-year forecast for cash flow, profit, revenue and operating margin. Analyst consensus 2018 estimate is $1.73, according to Thomson Reuters I/B/E/S. “Until this earnings reset plays out, the stock will essentially remain in a state of limbo,” Deane Dray, an analyst at RBC Capital Markets, said in a note.
Source:: https://finance.yahoo.com/news/ge-revenue-falls-12-percent-105155213–sector.html
