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The epidemic hits the aviation industry GE lost $2.18 billion in Q2

 Last Update: 2023-01-03
 Source: Internet
 Author: User

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According to the quarterly earnings report released this week by US industrial giant General Electric, the company lost $2.
18 billion in the quarter from April to June, mainly due to weak demand for aviation and power due to the COVID-19 pandemic, but its free cash outflow was better than expected
.

GE said free cash outflows from industrial operations totaled $2.
1 billion
.

Loss per share from continuing operations was 27 cents for the second quarter ended June 30, compared to 3 cents
in the year-ago quarter.
On an adjusted basis, GE reported a loss of 15 cents
per share.

In the second quarter, GE's total revenue fell 24% to $17.
75 billion
.

General Electric

GE said free cash outflows from industrial operations totaled $2.
1 billion
.

In the second quarter, GE's total revenue fell 24% to $17.
75 billion
.

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