SUBMIT PICTURE: A traffic signal is seen in front of a logo design of General Electric at the business’s plant in Birr, Switzerland June 17,2019 REUTERS/Arnd Wiegmann/File Image
( Reuters) – General Electric Co ( GE.N) on Wednesday restated its 2020 cash and revenue targets but warned its first-quarter cash flow would take a hit of $300 million to $500 million due to the coronavirus outbreak.
Shares of GE, which utilizes thousands of workers in China and had actually been seen as greatly exposed to the economic weakness caused by the infection, were up 2%at $1110 in premarket trading.
Chief Executive Officer Larry Culp, who is reorganizing GE aft