FILE - In this Aug. 16, 2019, file photo the logo for General Electric appears above a trading post on the floor of the New York Stock Exchange. General Electric Co. reports financial earns on Wednesday, Oct. 30. (AP Photo/Richard Drew, File)

GE continues transformation, tops expectations for 3Q

October 30, 2019 - 6:52 am

BOSTON (AP) — General Electric is reporting third-quarter losses that were not as bad as expected and it's raising its expectations for industrial free cash flow despite a damaging trade fight and ongoing problems with Boeing's 737 Max.

The Boston company on Wednesday reported a loss of $9.42 billion, or $1.08 per share. Removing one-time costs, per share earnings were 15 cents, 3 cents better than Wall Street had expected, according to a survey by Zacks Investment Research.

Shares of General Electric Co. are up 5% before the opening bell.

Revenue of $23.36 billion fell short of projections for $29.14 billion.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GE at https://www.zacks.com/ap/GE

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