Bad news today from General Electric (GE). The company is cutting its third-quarter earnings forecast down to 43 to 48 cents per share from its previous forecast of 50 to 54 cents a share. GE Capital is also cutting the dividend it pays to GE, but the dividend paid to shareholders will stay the same. GE is currently rated as "D - Sell" in PortfolioGrader Pro.
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GE Slashes Earnings Forecast
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