GE saw changes in only one demand indicator that suggests the economy is slowing, but it was enough to provide a downbeat 2023 profit outlook
Read More...
That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But that indicator was enough for the company to provide a 2023 earnings estimate below Wall Street expectations.
The aerospace, power and renewable energy company reported before Tuesday’s opening bell fourth-quarter profit, revenue and free cash flow that beat expectations.
In…
Add Comment