GE said the impact from COVID-19 materially challenged its first-quarter results, especially in Aviation, where a dramatic decline in commercial aerospace is seen as the virus spread globally in March. The company expects over $2 billion in operational cost out and $3 billion of cash preservation to mitigate the financial impact. The company has earlier withdrawn its financial guidance for the full-year 2020.
Past Performance
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GE Q4 2019 Earnings Performance
GE Q3 2019 Earnings Results