{"id":381102,"date":"2020-10-29T08:46:06","date_gmt":"2020-10-29T03:16:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381102"},"modified":"2020-10-29T09:04:47","modified_gmt":"2020-10-29T03:34:47","slug":"general-electric-posts-quarterly-profit-as-biz-recovers-from-pandemic-lows","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/general-electric-posts-quarterly-profit-as-biz-recovers-from-pandemic-lows\/","title":{"rendered":"General Electric posts quarterly profit as biz recovers from pandemic lows"},"content":{"rendered":"<p>General Electric Co on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares higher in pre-market trading. <\/p>\n<p>The Boston-based industrial conglomerate reported a free cash flow of $514 million from industrial operations in the third quarter, compared with an outflow of $2.1 billion in the previous quarter and Refinitiv&#8217;s average analyst estimate of an outflow of $876 million. <\/p>\n<p>GE said it expects industrial free cash flow to be at least $2.5 billion in the fourth quarter and positive in 2021. <\/p>\n<p>Adjusted profit for the quarter came in at 6 cents per share compared with Refinitiv&#8217;s average analyst estimate of a loss of 4 cents per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Electric Co on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares higher in pre-market trading. The Boston-based industrial conglomerate reported a free cash flow of $514 million from industrial operations in the third quarter, compared with an outflow of $2.1 billion in the previous quarter and Refinitiv&#8217;s average analyst estimate of an outflow of $876 million. GE said it expects industrial free cash flow to be at least $2.5 billion in the fourth quarter and positive in 2021. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-381102","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381102"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381102\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}