General Electric (GE) withdraws guidance for 2020
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GE Provides Updates on Guidance and First Quarter
April 9, 2020 8:45 AM EDTGE withdraws financial guidance due to uncertainty associated with COVID-19 Preliminary view of first-quarter results indicates adjusted EPS* materially below prior guidance of about $0.10; Industrial free cash flow* near the prior guidance of negative $2 billion
BOSTON--(BUSINESS WIRE)-- GE (NYSE: GE) today provided an update on its financial guidance and first-quarter performance.
Given the evolving nature of the COVID-19 pandemic, at this time, GE cannot forecast with reasonable accuracy the full duration, magnitude, and pace of recovery across our end markets, operations, and supply chains.... More
