GE Soars as Another Boost to Cash Forecast Buoys Turnaround
- All manufacturing divisions except power report sales gains
- CEO warns of uncertainty from 737 Max, global trade tensions
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General Electric Co. surged the most in eight months after the manufacturer raised its 2019 cash-flow forecast for the second straight quarter, giving Chief Executive Officer Larry Culp’s turnaround effort a much-needed boost.
The industrial businesses will generate as much as $2 billion in free cash this year, GE said Wednesday as it reported third-quarter earnings. The company previously projected no more than $1 billion in cash flow.