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Reuters
GE warns of profit hit in first half from supply and labor issues
CHICAGO (Reuters) -General Electric Co warned on Friday that a supply chain logjam coupled with a labor crunch and inflation will pressure profits through the first half of the year. In a regulatory filing, the company said the forecast, which was shared with investors last month, had factored in supply-chain and inflationary challenges. GE expects adjusted profit in the range of $2.80 per share to $3.50 per share in 2022, compared with $1.71 per share last year.
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