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General Electric Stock Slides After Q1 Earnings Beat, 2022 Guide

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Updated at 9:38 am EST

General Electric  (GE) – Get General Electric Company Report posted better-than-expected first quarter earnings Tuesday, while confirming its full-year profit guidance and noting that its historic plans to split the group into three separate companies remains on track. 

Shares were pressured in early trading, however, after CEO Larry Culp said supply chain demand and inflation pressures were likely to persist into the current quarter, noting the full-year profit forecast will is trending towards the lower end of its January guidance. 





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