‘s turnaround and transformation continued with its fourth-quarter earnings report and 2023 guidance.
Tuesday morning, GE (ticker: GE) announced adjusted earnings of $1.24 a share from sales of $21 billion.
Earnings and cash flow during the period looked solid. Wall Street was looking for earnings per share of $1.15 from sales of about $21.3 billion. A year ago, GE reported earnings per share of 72 cents from $20.3 billion in sales.
Fourth-quarter free cash flow came in at $4.3