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2021-07-27

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GE lifts full-year free cash flow target on recovery hopes

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGE lifts full-year free cash flow target on recovery hopes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-27 18:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 27 (Reuters) - General Electric Co lifted its free cash flow forecast for the year on Tuesday, as a recovery in the aviation market is expected to boost demand for the U.S. conglomerate's jet engines and spare parts.</p>\n<p>The Boston-based company said it expects 2021 free cash flow to be $3.5 billion to $5 billion, up from its prior forecast of $2.5 billion to $4.5 billion.</p>\n<p>GE's aviation unit, usually its biggest cash cow, has been hammered by the COVID-19 pandemic as airlines cut back on flights and grounded aircraft.</p>\n<p>But the company said in June it planned for a recovery in the airline market the second half of the year.</p>\n<p>Revenue rose to $18.28 billion from $16.81 billion in the quarter ended June 30.</p>\n<p>GE reported adjusted profit of 5 cents per share for the quarter, compared with Refinitiv's average analyst estimate of a profit of 3 cents per share.</p>\n<p>GE&nbsp;shares&nbsp;surged&nbsp;3%&nbsp;in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/785592771066cbe2d27ab2056b8906c6\" tg-width=\"905\" tg-height=\"641\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GE":"GE航空航天"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154971479","content_text":"July 27 (Reuters) - General Electric Co lifted its free cash flow forecast for the year on Tuesday, as a recovery in the aviation market is expected to boost demand for the U.S. conglomerate's jet engines and spare parts.\nThe Boston-based company said it expects 2021 free cash flow to be $3.5 billion to $5 billion, up from its prior forecast of $2.5 billion to $4.5 billion.\nGE's aviation unit, usually its biggest cash cow, has been hammered by the COVID-19 pandemic as airlines cut back on flights and grounded aircraft.\nBut the company said in June it planned for a recovery in the airline market the second half of the year.\nRevenue rose to $18.28 billion from $16.81 billion in the quarter ended June 30.\nGE reported adjusted profit of 5 cents per share for the quarter, compared with Refinitiv's average analyst estimate of a profit of 3 cents per share.\nGE shares surged 3% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/809498171"}