1. Home
  2. Tag "full-year profit forecast"

GE cuts full-year earnings forecast on troubles at renewable energy business

General Electric Co on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, however, reported much higher-than-expected free cash flow. Its quarterly revenue also topped Wall Street’s estimates. GE’s shares were down about 1.8% at $72.02 […]

Central America’s Solar Revolution and the Rooftop Revolution in the U.S. -EQ