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The company's papers fell by 49% last year
The US industrial conglomerate General Electric Co announced Friday a 28% decline in quarterly earnings, after the weakness of its business . Opaque energy production revenues from the aviation, crude oil and gas and health care sectors.
GE has ratified its full-year adjusted earnings per share target of US $ 1 to US $ 1.07 annual liquidity target increased from US $ 6,000 to US $ 7,000 million that is 6 000 million US dollars.
The company's documents have dropped 49% over the last year. Analysts say that although investors remain interested in GE, many want to see a stabilization in the energy and capital units and even improve before buying the papers.
The losses were aggravated in GE Capital, the financial division, to 207 million US dollars, after the negative result of 172 million US dollars for the same period of 2017. The profit of the unit of In the quarter, energy decreased by 58% from $ 994 million to $ 421 million. Profit from continuing operations attributable to GE shareholders decreased to $ 736 million, or $ 0.8 per share, second quarter ended June 30. it compares with a profit of $ 1,030 million, or $ 0.12 per paper, for the same period last year. On an adjusted basis, which excludes certain pension and restructuring costs, GE earned $ 0.19 per share, up from $ 0.21 last year.
Analysts calculated that the conglomerate would record an adjusted gain of US $ 0.17, according to Thomson Reuters I / B / E / S, and reduced their estimates after the weak first-quarter results.
Analysts were expecting an increase in cash flow that convinced them that GE could reach a free cash flow target of $ 6,000 million to $ 7,000 million US l & # 39; year. Adjusted free cash flow from industrial operations was $ 258 million in the quarter, compared to a negative $ 1,700 million in the first quarter.
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