SA: GE plunges after warning H1 profit pressured by supply chain problems

Financial risk. Coins falling and Warning label on whitebackgrou

By LoadstarEditorial

18/02/2022

SEEKING ALPHA reports:

– General Electric (GE -4.5%) sinks as much as 5% after saying it expects supply chain challenges will continue to pressure growth, profit and free cash flow at least through the first half of this year.

– “While we are seeing progress on our strategic priorities, we continue to see supply chain pressure across most of our businesses as material and labor availability and inflation are affecting Healthcare, Renewable Energy and Aviation,” the company said in investor newsletter…

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