GE posts a profit of $3.6 billion, after a loss last year, and says its operations burnt through less cash than expected
Conglomerate’s operations burn through less cash than expected in first quarter; keeps 2019 forecasts unchangedGeneral Electric Co. swung to a first-quarter profit as the conglomerate reported stronger cash production than expected while leaving its full-year expectations unchanged.
GE reported adjusted cash flow from industrial operations of negative $1.2 billion; the company warned earlier this year that cash flow would drop as much as negative $2 billion this year from its core industrial operations.
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