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More Headlines » Dividend Growth History. At the same time, negative cash flow from industrial business was $1.2 billion, much less than the $2.16 billion outflow that analysts, on average, were expecting.GE’s cash balance was boosted mainly the $2.9 billion sale of locomotive business to Wabtec Corp.GE’s industrial free cash flow showed a “much smaller outflow than we expected,” said Julian Mitchell, an analyst at Barclays, and “should drive a positive reaction in the stock.”(Reuters) - General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares and bonds higher.Investors have been keen for a turnaround since GE named Culp last October to restore earnings and improve a stock price that has fallen by more than two-thirds since 2016.But while the Boston-based conglomerate stuck to its full-year financial forecast, it noted “new risk” from Boeing Co’s 737 MAX jet, for which GE engines with partner Safran SA of France. GE wrote down $22 billion in goodwill at the unit last year.Profit margins also contracted at GE’s aviation, power and renewable energy businesses, the three core units that GE plans to retain as it undergoes a break-up announced last year.Total revenue fell 2% to $27.29 billion, above analysts’ average estimate of $27.05 billion. GE’s shares rose 4.5% to close at $10.17, after the call. Get the latest insider transactions for General Electric Company (GE). Exchange ratio: GE shareholders receive .005371 shares of Wabtec for every 1 share of GE owned.
Who buys my shares when I sell them? We’re continuing to do all we can to support our customers and employees during this unprecedented time. The shares will be registered in the owner's name and may consist of more than one certificate. I began following stocks in 1981 when I was in grad school at MIT and first analyzed tech stocks as a guest on CNBC in 1998. If a stock is in your name, you can sell it whenever you want, but market hours are between 9:30 – 16:00 ET, so transactions are only put through during those hours. Start Your Free Trial. * Cost Basis Adjustment to GE Shares: No change to historic cost basis of GE shares. Personally held stock of GE (General Electric) are shares that an individual has in his immediate possession, as opposed to stock held at a brokerage firm. I ditched corporate America in 1994 and started a management consulting and venture capital firm (http://petercohan.com). Can you sell shares at any time? Earnings from continuing operations attributable to GE shareholders rose to $954 million in the first quarter ended March 31 from $261 million a year earlier.New Chief Executive Larry Culp cautioned, however, that the results stemmed largely from the timing of payments to suppliers and from customers, and did not alter GE’s financial outlook for the year.A 1.6 percentage point drop in GE’s industrial margins in the quarter is a “stark reminder of the challenges that the company still faces,” said Rene Lipsch, lead GE analyst at Moody’s. He added that he expects margins to be flat or slightly improved by year-end.GE bonds also rallied, extending a recovery in more than $100 billion of GE debt.
Stock dividends, splits, and reinvested shares may account for numerous certificates. General Electric Company Common Stock (GE) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Analysts had expected 9 cents per share, on average.“One quarter is a data point not a trend,” Culp said on a conference call with analysts.In the latest quarter, power orders fell 14% and profit fell 71% to $80 million on revenue of $5.7 billion, down about 22% from a year earlier, GE said.Some saw signs that the power unit’s prospects will improve. I became a Forbes contributor in April 2011.