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Industrials

Reuters | Equities.com |

General Electric Co on Tuesday offered an upbeat outlook for its business this year after reporting a surge in quarterly free cash flow, sending its shares soaring in early trade.

The Boston-based industrial conglomerate predicted a free cash flow of $2.5 billion to $4.5 billion this year after generating cash flow of $4.4 billion in the fourth quarter.

That compares with Refinitiv’s average analyst estimate of $3.03 billion for 2021 and about $2.6 billion for the latest quarter.


Reuters | Equities.com |

DuPont forecast annual profit above expectations on Thursday as a tight check on costs and a recovery in the automotive industry, one of its biggest markets, helped the i...


Reuters | Equities.com |

(Reuters) - U.S. industrial conglomerate 3M Co topped Wall Street estimates for quarterly profit on Tuesday, as the maker of N95 masks benefited from robust demand for its healthcare products during the COVID-19 pandemic.

There has been a recovery from last quarter when the company suffered a plunge in sales, as demand for office supplies declined with more people working from home due to the pandemic.

The company said the third quarter benefited from strong demand for p...


Reuters | Equities.com |

General Electric Co's shares surged on Wednesday after Chief Executive Officer Larry Culp said the industrial conglomerate's free cash flow would turn positive in the second half of this year.

The company’s shares, which have fallen about 45.4% so far this year, were last trading up about 11% at $6.77 in afternoon trade.

Culp’s comments at a Morgan Stanley Laguna Conference were more upbeat than the ou...