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GE beats diminished profit expectations, trims cash flow target

Reuters
GE beats diminished profit expectations, trims cash flow target

(Reuters) - U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units. GE cut its annual cash target to $6 billion from a range of $6 billion