General Electric Company Re-Affirms Earnings Guidance for 2018; Provides Earnings Guidance for First Quarter 2018
January 24, 2018 at 07:00 pm IST
General Electric Company re-affirmed earnings guidance for 2018. For 2018, the company expects guidance of $6 billion to $7 billion of free cash flow. The company expects EPS of $1.05 to $1.10 which excluded insurance- and GE Capital-related actions.
For first quarter 2018, the company expects operating profit down significantly year-over-year, mainly driven by lower turbine shipments in the U.S. and continuous price pressure in the market.