This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXNPEH4Q1CL_L.jpg
The industrial conglomerate expects to post a similar level of improvement in cash flow this quarter as it did a quarter ago, Dybeck Happe said at a Wolfe Research Transportation and Industrials Conference.
In the quarter through March, GE reported a $1.7 billion of improvement in cash flow from a year ago.
Analysts surveyed by Refinitiv, on average, expect the Boston-based company to report a cash outflow of $746 million in the current quarter, smaller than an outflow of $2.1 billion a year ago.
GE has forecast to generate $2.5 billion to $4.5 billion in free cash flow this year.
The company’s shares closed up 7.1% at $14.35.
