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GE’s Tough Road Ahead
Earnings at the 125-year-old manufacturer fall far short of the mark
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John Flannery has his work cut out for him. General Electric Co.’s new chief executive officer is facing hurdles from poor cash flows to slumping power generation markets. Add disappointing earnings performance to the list. On Friday, the company reported earnings that fell well short of the mark. The manufacturer’s Bloomberg comparable earnings per share missed the consensus estimate by 41.4 percent. That’s the widest margin GE has posted in the 10 years Bloomberg has been compiling the measure.