General Electric sees 2019 profit below estimates

March 14, 2019

(Reuters) – General Electric Co forecast adjusted earnings of between 50 cents and 60 cents per share in its 2019 outlook on Thursday, below analysts’ expectations of around 70 cents as new Chief Executive Larry Culp plows ahead with asset sales and restructuring.

The U.S. industrial conglomerate, which spooked investors last week by warning of a net cash outflow from its industrial businesses this year, said it expects adjusted industrial free cash flow of between negative $2 billion and flat.

(Reporting by Rachit Vats and Sanjana Shivdas in Bengaluru; Editing by James Emmanuel)

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