GE Stock Rises on Strong Q4 Results

Investors had high hopes for General Electric's (NYSE: GE) fourth-quarter earnings report. Three months ago, the company projected that its industrial businesses would generate at least $2.5 billion of free cash flow in the final quarter of the year. By contrast, GE burned nearly $3.8 billion in the first nine months of 2020 due to the impact of the COVID-19 pandemic and seasonal factors.

GE smashed that forecast as it continues to build a track record for underpromising and overdelivering under CEO Larry Culp. That drove a 2.6% gain for GE stock on Tuesday, extending an 80%-plus rally that has played out over the past four months.

Source Fool.com