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Investing.com — General Electric Company (NYSE:GE) shares tumbled 5% on Friday after a regulatory filing containing the company’s investor newsletter pointed to supply chain challenges.
The company continues to “see supply chain pressure” across most of its businesses as “material and labor availability and inflation are affecting Healthcare, Renewable Energy and Aviation.”
GE expects the challenges to persist through the first half of the year. The pressures have been included in its annual guidance, but the magnitude of the challenges is likely to present pressure to overall growth, profit, and free cash flow throughout the first quarter and the first half of the year, beyond expected seasonality.
“As a result, supply chain headwinds may continue to partially mask the significant progress we are making across our business,” GE said.
The company reported its fourth quarter earnings in late January, beating analyst predictions on earnings per share but missing revenue expectations.
