Why General Electric Company Stock Fell More Than 16% in October
General Electric Company (NYSE: GE) stock fell after a disastrous set of third-quarter earnings left investors reeling. The key highlights include:
In a nutshell, Flannery was forced to reset investor expectations after a series of disappointing earnings reports from GE revealed underlying issues at the company.
GE may sell its transportation unit as part of wholescale restructuring. Image source: Vincent Laforet for GE Reports.
Source: Fool.com