Mohacsy's Safe Portfolio Member Forum

[dexprs]

GE 1Q Cash Flow Shortfall Has Investors Waiting -- Market Talk
DOW JONES & COMPANY, INC. 11:41 AM ET 4/24/2017
11:41 ET - GE reported better-than-expected 1Q results Friday, but shares dropped more than 2% as cash generation was much weaker than Wall Street projected. The company explained the shortfall was mostly because of timing and there was no change to the full-year target. Still Citigroup says cash flow needs to improve before the stock outperforms. Barclays says 1Q "might have been the best quarter we've seen out of GE in 5 years" but the stock reaction may reflect frustration with GE not firing on all cylinders at the same time. Barclays says some big shareholders wondered if 1Q strength came from "a push from the weak 4Q16 or a pull from 2Q17" or neither. The answers won't likely be known until July's 2Q report, the firm says. ([e-mail]; @tgryta)