GE will have negative cash flow in 2019, CEO Larry Culp says, as its power unit continues to struggle. Shares declined about 6%.
General Electric Co. Chief Executive Larry Culp on Tuesday said the company would have negative cash flow in 2019 as the power business continues to struggle amid his attempt to turn around the company.
Shares of the conglomerate declined about 6% after the comments, which were made at J.P. Morgan’s Aviation, Transportation & Industrials conference.
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