GE Exceeds Earnings Estimates
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GE Exceeds Earnings Estimates

General Electric Co reported on Friday that first-quarter cash flow from its industrial operations turned negative and was less than the company expected, though its earnings and revenue exceeded analyst estimates. GE reported a negative $1.6 billion in cash flow from industrial operating activities compared with a negative $600 million it expected for the quarter due to higher working capital and the timing of bills to customers. Still, GE said it expects to hit its cash target of $12 billion to $14 billion for the full year. Earnings per share from continuing operations rose to 10 cents from 3 cents.


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