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General Electric Sees Supply Chain Pressures, Shares Fall 5% -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — General Electric Company (NYSE 🙂 After Friday’s announcement, shares plunged by 5% regulatory filingThis newsletter contained information about supply chain issues.

As “material and labor supply availability and inflation are affecting Healthcare and Renewable Energy, Aviation,” the company is still “seeing supply chain pressure” in most of its business.

GE believes that these challenges will persist into the first half year. These pressures were included in the annual guidance. However, the severity of the problems is expected to cause pressure for overall growth and profit as well as free cash flow during the first quarter, first half, and beyond the seasonality.

GE stated that supply chain headwinds could continue to partly mask the progress made across our company’s business.

In late January, the company released its fourth quarter earnings. It beat analyst expectations on earnings per share but missed revenue forecasts.

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