UPDATE 1-GE delays third-quarter earnings to Oct. 30

(Adds background, more details, share reaction)

Oct 12 (Reuters) - General Electric Co said on Friday it was pushing back its third-quarter earnings release to Oct. 30 to allow new Chief Executive Officer Larry Culp to complete business reviews and site visits.

The company's shares fell about 2 percent to $12.56 in early trading.

GE, which was earlier expected to report on Oct. 25, said Culp would share details on his strategy for the U.S. conglomerate early next year. (https://bit.ly/2RL2PF5)

Culp took over earlier this month from John Flannery, who left after just a year in charge at the company. The 126-year-old company, which was once the most valuable U.S. corporation, has been shedding businesses to focus on jet engines, power plants and renewable energy.

Earlier this month, GE also warned that it would fall short of its forecast for free cash flow and earnings in 2018.

JP Morgan analyst Stephen Tusa said on Friday that the company did not have enough assets and cash flow to pay down liabilities. (Reporting by Arunima Banerjee in Bengaluru; Editing by Shounak Dasgupta)