General Electric (GE) – Get Report posted weaker-than-expected fourth-quarter earnings.
“As 2020 progressed, we significantly improved GE’s profitability and cash performance despite a still-difficult macro environment. The fourth quarter marked a strong free cash flow finish to a challenging year, reflecting the results of better operations as well as strong and improving orders in Power and Renewable Energy.” said CEO Larry Culp.
“Over the past year our team proved resilient, and momentum is growing across our businesses. We are in leading positions to capture opportunities in the energy transition, precision health, and the future of flight,” he added. “As we continue our transformation, we remain focused on strengthening GE and delivering value for the long term.”
And Jim Cramer has some positive thoughts on this stock.