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GE shares fall on cash, business worries though profit beats

Reuters  |  NEW YORK 

By Alwyn ScottNEW YORK (Reuters) - General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow.The maker of jet engines, power plants and other industrial equipment also reported a negative $1.6 billion in cash flow from industrial operating activities compared with a negative $600 million it expected for the quarter due to a $1.3 billion increase in working capital and the timing of bills to customers. Investors have been watching cash flow as an ...

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First Published: Fri, April 21 2017. 23:30 IST