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GE expects negative cash flow in Q1 2021, CEO says

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General Electric CEO Larry Culp said the company expects a cash outflow in the first quarter of 2021. Yahoo Finance's Zack Guzman breaks down the details.

Video Transcript

ZACK GUZMAN: Before we go to break, I also want to alert you with the update we're hearing on General Electric. The update to bring you there was just delivered from Larry Culp at a Barclays Industrial Conference, saying that he expects negative cash flow in the first quarter of 2021 to come in. Well, he expects negative cash flow.

Of course, the expectation there had been, so far from analysts polled by Refinitiv, on average, they're expecting GE to report a cash outflow of $671.7 million in the quarter through March. Culp did stress that the first three months of the year tend to be GE's softest quarter. But that's the update there. Shares here up by about 7%