GE first-quarter profit rises, warns on 737 MAX

- General Electric Co said on Tuesday first-quarter profit from its continuing operations more than tripled, helped by higher sales in its aviation, oil and gas, and healthcare units.

GE reported $1.2 billion in negative cash flow from its industrial business, much better than the $2.16 billion outflow that analysts, on average, were expecting. Culp had said this “reset” would result in negative cash flow at its ailing power business through 2020 before turning positive in 2021. GE wrote down $22 billion in goodwill at the unit last year.

Because the tariffs aren't hurting the manufacturer...they hurt the consumer. Washers and dryers are not luxuries. If yours quits you have to buy a new one. Reports are manufacturers are jacking the prices up three times the tariff price. Extra profit for GE.

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GE says Boeing's 737 Max is 'a new risk' to this year's earnings forecastGeneral Electric added Boeing's grounded 737 Max airplanes as 'a new risk' in the company's quarterly earnings report on Tuesday. it’s also a risk to passengers risk to life, more like.
Source: CNBC - 🏆 12. / 72 Read more »