[ad_1]
GE Electric Corp. (GE.N: Quote, Profile, Research) has raised its forecasts this year, with signs of improvement in the struggling energy sector.
GE announced Wednesday in a statement that it was hoping to release a billion dollars of free cash flow this year, while it was not expecting any influx of funds before.
GE expects to earn 5 cents a share this year after the seasonal changes to the account.
Jamie Miller, CFO of the group, will retire, sign of new efforts to move away from the past, reported the Bloomberg news agency.
"Improving the prospects of the company is a sign of progress and stability, but you will not hear us and we are trying to make accurate estimates," said Larry Kolb, general manager of the group. Including this year, while we are still far from total performance. "
GE's second-quarter results, better than expected, point to continued improvement for the second consecutive quarter under Colp's leadership, which lowered its expectations when it took over the company in October.
Source link
