GE: reaffirms forecasts despite coronavirus
(CercleFinance.com) - GE expects to hit its 2020 targets, despite the negative impact of the coronavirus, the US conglomerate said on Wednesday.
The company maintained its target of adjusted earnings per share (EPS) of 0.50-0.60 dollar this year in an investor call this morning.
GE's industrial segment revenues are expected to report low-single-digit organic growth, it said, while the unit's adjusted organic profit margin is expected to expand by from 0 to 75 basis points.
GE's 2020 outlook assumes the 737 MAX returns to service in mid-2020, in line with Boeing, it added.
GE said it is closely monitoring the Covid-19 outbreak, and so far anticipates a negative impact to its industrial segment's free cash flow of approximately 300 million-500 million dollars in the first quarter.
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The company maintained its target of adjusted earnings per share (EPS) of 0.50-0.60 dollar this year in an investor call this morning.
GE's industrial segment revenues are expected to report low-single-digit organic growth, it said, while the unit's adjusted organic profit margin is expected to expand by from 0 to 75 basis points.
GE's 2020 outlook assumes the 737 MAX returns to service in mid-2020, in line with Boeing, it added.
GE said it is closely monitoring the Covid-19 outbreak, and so far anticipates a negative impact to its industrial segment's free cash flow of approximately 300 million-500 million dollars in the first quarter.
Copyright (c) 2020 CercleFinance.com. All rights reserved.