Why Is General Electric (GE) Stock Down Today?
Yesterday, General Electric (NYSE: GE ) CFO Carolina Dybeck Happe issued comments and projections that might be considered warnings for current and prospective investors. First of all, Happe noted the magnitude of General Electric’s supply chain issues. Furthermore, she cautioned that the industrial conglomerate’s cash flow “is expected to be under pressure,” as Reuters reported. GE stock declined 5% early today as traders considered the CFO’s commentary. Supply chain bottlenecks can have a negative impact on customer satisfaction — there’s no denying it. In the case of General Electric, Happe observed supply chain woes have made it more difficult for the company to deliver its products to the customers on time. The CFO made this and other observations at a Morgan Stanley conference yesterday. The data supports her points, as supply chain and macroeconomic issues deducted 5% from General Electric’s second-quarter revenue. It’s possible supply chain disruptions are taking a toll on General Electric’s cash flows, as well.
Why Is General Electric (GE) Stock Down Today?
Yesterday, General Electric (NYSE: GE ) CFO Carolina Dybeck Happe issued comments and projections that might be considered warnings for current and prospective investors. First of all, Happe noted the magnitude of General Electric’s supply chain issues. Furthermore, she cautioned that the industrial conglomerate’s cash flow “is expected to be under pressure,” as Reuters reported. GE stock declined 5% early today as traders considered the CFO’s commentary. Supply chain bottlenecks can have a negative impact on customer satisfaction — there’s no denying it. In the case of General Electric, Happe observed supply chain woes have made it more difficult for the company to deliver its products to the customers on time. The CFO made this and other observations at a Morgan Stanley conference yesterday. The data supports her points, as supply chain and macroeconomic issues deducted 5% from General Electric’s second-quarter revenue. It’s possible supply chain disruptions are taking a toll on General Electric’s cash flows, as well.