General Electric: Wait, I Thought It Was Good News?

General Electric (GE) reported Street-beating earnings and revenue–and its shares have dropped the most since Jan. 23. What went wrong?

It obviously wasn’t the earnings themselves. General Electric reported adjusted earnings of 21 cents a share, beating analyst forecasts for 17 cents, on revenue of $27.66 billion, topping estimates of $26.37 billion. So what went wrong? GE reported industrial cash flow of negative $1.6 billion, well below its own forecast for negative $600 million.

CFRA’s Jim Corridore isn’t worried:
Source: Barrons

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