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Cash flow was $ 514 million, while the factset consensus was $ 1.03 billion negative cash flow.
Revenue fell 17% to $ 19.42 billion, but was also higher than analyst consensus by $ 18.73 billion.
Net loss fell to $ 1.19 billion, or 14 cents per share, from 9.47 billion, or $ 1.08 per share, for the same period last year. Net of special factors, earnings per share were 6 cents after 15 cents a year ago. Here analysts were expecting a loss of 4 cents.
GE is improving earnings and cash flow in every business area except aviation, with orders generally remaining under pressure, CEO Larry Culp said. Last month, Culp announced positive free cash flow for the second half of the year.
At NYSE trading on Wednesday, GE stock was up 4.51% to $ 7.42 at the end of trading.
Von Tomi Kilgore
NEW YORK (Dow Jones)
Other news about General Electric Co.
Image sources: Bocman1973 / Shutterstock.com
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