Saturday, 6 Mar 2021

GE sees coronavirus hit on first-quarter cash flow

(Reuters) – General Electric Co (GE.N) said on Wednesday that it expects a hit of $300 million to $500 million to its first-quarter cash flow from the coronavirus outbreak, while reaffirming its cash and profit targets for the full year.

GE had previously set 2020 cash target of $2 billion to $4 billion, while estimating an adjusted profit of 50 cents to 60 cents per share.

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