General Electric News 2020

Get the latest general electric company ge stock news and headlines to help you in your trading and investing decisions. Why ge stock is tumbling 5 to historic lows today coronavirus concerns are hitting ge stock by william white investorplace writer may 13 2020 2 24 pm edt may 13 2020. The pandemic may deal a death blow to general electric company which has struggled for years to reform a bloated organization and shed high debt the company missed first quarter 2020 earnings.

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Ge has faced a disastrous time in 2020.

General electric news 2020.

General electric s q2 earnings report was mixed while a key cash flow metric topped views but the company warned the macro environment could get worse before getting better ge stock turned. The two industrial giants general electric nyse. General electric company nyse. Ge problems started three years ago when ge stock fell over 50 the debate over its comeback was hot but things took a turn for the worse in 2018 it fell below 7.

Despite posting an impressive recovery at the start of 2020 ge shares fell off a cliff into the recession and its prized. Now recall that ge s fcf guidance for 2020 of 2 billion to 4 billion assumes the 737 max won t return to service before the middle of the year. Currently the zacks consensus estimate for general electric s earnings is pegged at 43 cents for 2020 and 65 cents for 2021 suggesting declines of 20 4 and 9 7 from the respective 60 day ago.

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