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GE stock shoots up after profit miss but big free cash flow beat and upbeat outlook – MarketWatch

Shares of General Electric Co. undefined shot up 4.8% in premarket trading Tuesday, after the diversified industrial conglomerate reported a fourth-quarter…

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Shares of General Electric Co.
GE,
-1.08%
shot up 4.8% in premarket trading Tuesday, after the diversified industrial conglomerate reported a fourth-quarter profit that missed expectations but revenue and free cash flow that beat forecasts. Net income increased to $2.44 billion, or $2.27 a share, from $538 million, or 6 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share fell to 8 cents from 20 cents, to miss the FactSet consensus of 9 cents. Revenue…

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