General Electric Slashes 2017 Profit Forecast

The transcript discusses General Electric's financial challenges, focusing on organic revenue growth, industrial performance, and significant cuts in earnings and cash flow targets. It highlights the strategic shift under the new CEO, who aims to address cost issues and set a clearer path for future growth. The CEO is preparing for an upcoming analyst meeting, intending to take initial hits to improve long-term performance.

What is the typical range for General Electric's organic revenue growth as mentioned in the video?

• 1% to 2%

• 3% to 6%

• 11% to 15%

• 7% to 10%

What was the expected cash flow target for General Electric before the adjustments?

• 7 to 8 billion

• 5 to 6 billion

• 12 to 14 billion

• 15 to 16 billion

What significant financial metric did General Electric miss, leading to a larger than expected cut?

• Revenue

• Market Share

• Net Profit

• EPS

What is the new CEO's likely strategy according to the video?

• Expanding into new markets

• Maintaining the status quo

• Clearing the decks for future improvements

• Focusing solely on cost-cutting

What is the anticipated outcome of the new CEO's approach?

• Immediate financial gains

• Short-term losses with long-term improvements

• No significant changes

• Increased market volatility