UPDATE 1-GE points to more pain ahead as cash flow worsens
General Electric Co’s industrial
businesses took a $1 billion hit to cash flow in the first
quarter due to the COVID-19 pandemic as overall revenue fell
almost 8%, and the company warned the damage would worsen in the
next three months.
businesses took a $1 billion hit to cash flow in the first
quarter due to the COVID-19 pandemic as overall revenue fell
almost 8%, and the company warned the damage would worsen in the
next three months.
Posted by Reuters
