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GE Falls After CFO Warns Supply-Chain Woes Weighing on Profit

  • Jet-engine deliveries get pushed out as turmoil persists
  • Company looks for cost-cuts at wind turbine unit, Happe says
A GE Aviation Jet Engine Manufacturing Facility Ahead Of Earnings Figures
Photographer: Luke Sharrett/Bloomberg
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General Electric Co. shares fell more than 5% in early trading Friday after the manufacturer’s finance chief warned supply-chain challenges are weighing on the company’s third-quarter performance. 

Chief Financial Officer Carolina Dybeck Happe blamed persistent constraints on obtaining parts from suppliers for hindering GE’s ability to deliver products such as jet engines. Those snags are pushing planned shipments further out on the company’s delivery timeline “which has a negative impact on profit,” she said Thursday at a Morgan Stanley conference.