General Electric expects a cash outflow in the first quarter of 2021, according to Reuters. The projections are based on CEO Larry Culp who said the first three months of the year tend to be the industrial conglomerate’s “softest” quarter.
- Analysts expect GE to report a cash outflow of $671.7 million in the quarter through March.
- Last month, GE forecasted free cash flow of $2.5 billion to $4.5 billion this year, after generating cash flow of $4.4 billion in the December quarter.
General Electric stock is currently gaining. GE: NYSE is up 0.60%
