GE Slips as Aviation Woes Show Much Remains on Culp's To-Do List
GE Slips as Aviation Woes Show Much Remains on Culp’s To-Do List Bloomberg 1 hr ago Ryan Beene (Bloomberg) -- General Electric Co. shareholders are getting a reality check from the company’s first-quarter results, a mixed showing that underscored the work ahead for Chief Executive Officer Larry Culp and his turnaround push. Sales fell 12% to $17.1 billion, dragged down by the troubled jet-engine unit, GE said Tuesday. That trailed the $17.6 billion expected by Wall Street. Orders fell in aviation and two other manufacturing units and GE’s steady financial forecast made...
Source: msn.com