GE Anticipates Flat Revenue, Margin Growth In ‘10
By Eric Bosco
December 15, 2009 4:35 PM
December 15, 2009 4:35 PM
General Electric (NYSE: GE) earlier today released a forecast anticipating flat revenue and margin growth in 2010.
General Electric (NYSE: GE) earlier today released a forecast anticipating flat revenue and margin growth in 2010.
Chairman and CEO Jeff Immelt said in the company’s annual investor outlook meeting that the conglomerate’s revenue would be around $155 billion. Additionally, its margin is expected at approximately 16%, the same expectation for fiscal 2009.
Immelt said that although the world’s overall economic situation is improving, recovery will be slow in coming.
GE shares closed slightly down today, 20 cents to $15.75.
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