General Electric Stock Slides After Q1 Earnings Beat, 2022 Guide


Up to date at 12:28 pm EST

Standard Electric  (GE) – Get Normal Electrical Corporation Report posted greater-than-expected initial quarter earnings Tuesday, while confirming its entire-yr income assistance and noting that its historic plans to split the group into 3 different corporations remains on monitor. 

Shares have been pressured in early investing, on the other hand, after CEO Larry Culp stated provide chain demand and inflation pressures were likely to persist into the existing quarter, noting the full-year income forecast will is trending to the lower end of its January steering. 


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