General Electric shares fell 3.2% in pre-conference trading as the industrial group reported adjusted quarterly earnings and earnings that exceeded estimates, but were lower in terms of cash flows and its estimates were somewhat disappointing. .
Net loss shrank to 99 cents a share from $ 2.61 a share a year ago.
Excluding extraordinary items, adjusted earnings per share rose to 24 cents from 13 cents, compared with estimates for 18 cents.
Total revenue fell 0.2% to $ 17.04 billion, but was higher than convergent estimates at $ 16.85 billion.
Cash flow was down $ 880 million from $ -3.36 billion a year ago, with analysts expecting $ -816.5 million.
The CEO stressed that while confirming the 2022 estimates given in January, which speak of earnings per share of $ 2.80-3.50 and cash flows of $ 5.5-6.5 billion, he said that the results formed towards the lower range of estimates, due to inflation and other pressures.
Source: Capital
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