GE has seen only 1 thing that warns of falling demand in 2023

Key Words Published: Jan. 24, 2023 at 2:46 p.m. ET CEO Larry Culp said freight has softened as the short-cycle economy has done the same AFP via Getty Images That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But

Financial Press

Published

January 24, 2023

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Key Words

Published: Jan. 24, 2023 at 2:46 p.m. ET

CEO Larry Culp said freight has softened as the short-cycle economy has done the same

That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But that indicator was enough for the company to provide a 2023 earnings estimate below Wall Street expectations.

The aerospace, power and renewable energy company reported before Tuesday’s opening bell fourth-quarter profit, revenue and free cash flow that beat expectations.

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