{"id":437730,"date":"2022-04-26T18:45:54","date_gmt":"2022-04-26T15:45:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/general-electric-shares-fall-on-supply-chain-inflation-woes\/"},"modified":"2022-04-26T18:45:54","modified_gmt":"2022-04-26T15:45:54","slug":"general-electric-shares-fall-on-supply-chain-inflation-woes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/general-electric-shares-fall-on-supply-chain-inflation-woes\/","title":{"rendered":"#General Electric shares fall on supply chain, inflation woes"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23a2ae387f2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23a2ae387f2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/general-electric-shares-fall-on-supply-chain-inflation-woes\/#%E2%80%9CGeneral_Electric_shares_fall_on_supply_chain_inflation_woes%E2%80%9D\" >&#8220;General Electric shares fall on supply chain, inflation woes&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CGeneral_Electric_shares_fall_on_supply_chain_inflation_woes%E2%80%9D\"><\/span>&#8220;General Electric shares fall on supply chain, inflation woes&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a>\u00a0Electric\u00a0on Tuesday said fresh COVID-19-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk and plunging its shares.<\/p>\n<p>While the Boston-based industrial conglomerate retained the outlook issued in January, it said the current trends suggest it would hit the lower end of its earnings forecast.<\/p>\n<p>\u201cAs you\u2019ve been hearing from many other companies, we\u2019re operating in a challenging macro environment,\u201d Chief Executive Larry Culp told investors on an earnings call.<\/p>\n<p>In January, the company projected adjusted profit for the year to be in the range of $2.80 to $3.50 per share. It also expected to grow its profit margin by 150 basis points and to generate $5.5 billion to $6.5 billion in free cash flow.<\/p>\n<p>GE\u2019s shares slumped 12% at $78.73 in midday trading.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/General-electric-earnings2.jpg?w=1024\" alt=\"General Electric logo\" class=\"wp-image-22038459\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/General-electric-earnings2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/General-electric-earnings2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/General-electric-earnings2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>GE said the Russia-Ukraine War, China lockdowns and other supply-chain issues adversely impacted its revenue in the quarter through March by about 6 percentage points.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>GE said the Russia-Ukraine War, China lockdowns and other supply-chain issues adversely impacted its revenue in the quarter through March by about 6 percentage points.<\/p>\n<p>To mitigate the impact, the company has raised prices for its products and is invoking price escalation clauses in its service contracts. It is also trying to find alternative sources for parts and to improve productivity to reduce cost.<\/p>\n<p>Yet, it expects the supply chain and inflationary challenges to persist, particularly at its healthcare business, through this year.<\/p>\n<p>Lingering uncertainty over whether US production tax credits for onshore wind investments will be extended over the long term and soaring costs have spurred customers to delay their projects, resulting in lower orders at its renewable energy business.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Analysts at Wolfe Research called the company\u2019s comments on the 2022 outlook \u201cdis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointing, but not surprising.\u201d<\/p>\n<p>\u201cWe believe the biggest swings to guidance remain the extent of Renewables losses and the pace of recovery in Healthcare margins,\u201d they wrote in a note.<\/p>\n<p>Two years into the pandemic that has snarled supply chains across the globe and driven up costs for everything from labor to raw materials, companies are scrambling to produce enough to feed current demand and also to restock inventory.<\/p>\n<p>Rival Siemens Energy\u00a0last week said it was reviewing its full-year outlook amid rising costs at its wind turbine division Siemens <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>sa, fallout of the war in Ukraine and sanctions imposed on Russia.\u00a0<\/p>\n<p>GE has suspended its operations in Russia, which accounts for less than 2% of its overall sales. The company\u2019s power business, however, has a bigger exposure to the country.<\/p>\n<p>On Tuesday, the company said it had recognized $200 million in pre-tax charges in the first quarter due to the conflict between Russia and Ukraine and the sanctions.<\/p>\n<p>GE reported higher-than-expected adjusted profit of 24 cents a share in the quarter through March. Revenue for the quarter came in at $17.04 billion, topping Wall Street\u2019s estimates of $16.89 billion.<\/p>\n<p>The company burned through $880 million in cash in the first quarter.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/26\/general-electric-shares-fall-on-supply-chain-inflation-woes\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;General Electric shares fall on supply chain, inflation woes&#8221; General\u00a0Electric\u00a0on Tuesday said fresh COVID-19-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk and plunging its shares. While the Boston-based industrial conglomerate retained the outlook issued in January, it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/general-electric-earnings1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128483,70237,74677,70360],"class_list":["post-437730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-26-22","tag-corporate-earnings","tag-general-electric","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437730"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437731"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}