Corporate Finance Cash Flow

  • AMSTERDAM, April 23- Dutch supermarket group Ahold, warned on Monday that a strike at its Stop& Shop chain in the United States would hurt its underlying 2019 profit margin. The strike involved 30,000 workers in Connecticut, Massachusetts and Rhode Island. Ahold kept its full-year free cash flow estimates unchanged at 1.8 billion euros, due to expected growth at...

  • LONDON, April 15- African miner Petra Diamonds', which has high debt levels, aims to be cash flow positive in the second half of the year and will then be able to consider future developments, its new chief executive said on Monday. On Monday the company reported lower output in the quarter ended on March 31, as an upgrade of operations at one of its mines fell behind...

  • Morgan's Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of $5. GE's new Chief Executive Officer Larry Culp in March called 2019 a "reset year" and said free cash flow at GE Power would turn positive only in 2021.. On Monday, European Union antitrust regulators fined the company 52 million euros for...

  • Maersk Supply Service last year reported a negative free cash flow of $316 million and earnings before interest, tax, depreciation and amortisation was $3 million. Maersk shares traded up 0.5 percent at 0913 GMT. In 2017, Maersk sold its oil exploration and production business to French oil major Total and next week it will separately list its offshore...

  • PARIS, March 19- Telecoms operator Iliad cut its cash-flow target for 2020 in France after a challenging year marked by heavy market promotions that hit revenues, and it added it was considering selling part of its mobile assets. The Paris- based group now aims to generate a cash flow of more than 800 million euros in 2020 and around 1 billion euros in 2021.

  • GE forecast adjusted earnings of 50 cents to 60 cents a share for 2019, below analyst expectations of 70 cents, on average. The U.S. industrial conglomerate said adjusted industrial free cash flow would be between negative $2 billion and zero. The cash flow forecast takes into account more than $2 billion in charges for restructuring, corporate activity and "...

  • Investors need to look past GE's negative period to 2021, says equity analyst

    Justin Bergner of Gabelli and Jim Corridore of CFRA Research join CNBC's "Power Lunch" team to break down what General Electric CEO Larry Culp's comments on negative free cash flow mean for the company.

  • A monitor displays General Electric (GE) signage on the floor of the New York Stock Exchange.

    General Electric shares tumble after CEO Larry Culp says free cash-flow will be negative in 2019. Culp said on Tuesday that the company's "industrial free cash flow in 2019 will be negative." GE's industrial free cash flow is a key measure watched by investors. Culp also believes GE's battered power business will struggle even more this year than last year.

  • "Industrial free cash flow will be negative territory," CEO Larry Culp said in a webcast interview with JPMorgan analyst Stephen Tusa, a longtime GE bear. GE's shares swiftly dropped below $10, which marked the biggest intraday percentage drop in more than three months, knocking more than $4 billion off the company's market value. GE's bonds also declined, with GE...

  • "Industrial free cash flow will be negative territory," CEO Larry Culp said in a webcast interview with JPMorgan analyst Stephen Tusa, a longtime GE bear. GE's shares swiftly dropped below $10, which marked the biggest intraday percentage drop in more than three months, knocking $4 billion off the company's market value. GE's bonds also declined, with GE Capital...

  • March 5- General Electric Co on Tuesday forecast an outright fall in free cash flow from its industrial business this year on the back of continuing weakness in its power unit, sending shares in the company spinning 8 percent lower. The 7.8 percent dive drove shares below $10 in value and was the biggest intraday percentage drop in more than three months, knocking...

  • LONDON, March 4- IAG shares hit a two-month low on Monday after the owner of British Airways and Iberia issued a clarification to say its 2019 free cash flow would be lower than last year. At 1105 GMT, the stock was down 3.3 percent, making it the biggest loser on the FTSE 100.. The airline said it expects equity free cash flow to fall this year due to operating profits...

  • PARIS, Feb 28- France's Carrefour raised its savings goal and said it would step up plans to downsize its hypermarket stores, as Europe's largest retailer delivered cost cuts of 1.05 billion euros in 2018 and a higher free cash flow. It posted a well-flagged 3.4 percent decline in 2018 operating profit, reflecting weakness in its domestic market that offset a...

  • PARIS, Feb 28- Carrefour said the execution of its turnaround plan was well on track and raised its savings goals, as Europe's largest retailer delivered cost cuts of 1.05 billion euros in 2018 and a higher free cash flow. The French supermarket retailer reported a well-flagged 3.4 percent decline in 2018 operating profit, reflecting weakness in its core French...

  • PARIS, Feb 28- Carrefour said its turnaround plan was well on track and raised its savings goals, after Europe's largest retailer delivered cost cuts of 1.05 billion euros in 2018 and a higher free cash flow. The French supermarket retailer also reported a well-flagged 3.4 percent decline in 2018 operating profit, reflecting restructuring charges in its core...

  • Feb 18- African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices. Analysts said appointing Richard Duffy, who has held finance posts in his 27 years in the mining industry, would benefit the company as it sought to cut debt.

  • PIONEER CASH FLOW "VERY SENSITIVE" TO OIL PRICE CHANGES; WITH $5- PER-BARREL RISE, COMPANY GENERATES $400 MILLION IN ADDITIONAL CASH FLOW- CEO.

  • *Milan- listed shares drop 12 percent. MILAN/ DETROIT, Feb 7- Fiat Chrysler shares fell 12 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker's longer-term targets. But the comments did little to reassure investors who worry about FCA's over-reliance...

  • Unlike rivals Schlumberger NV and Halliburton Co, Baker Hughes has less exposure to the North American pressure pumping sector, where demand has softened in recent months. Wall Street analysts called the results positive, pointing to over $1 billion in free cash flow from operations and the highest quarterly orders in roughly three years.

  • The U.S. weapons maker forecast 2019 profit in the range of $11.40 to $11.60 per share, which came in below analysts' average estimate of $11.78 per share, according to IBES data from Refinitiv. Raytheon also said operating cash flow from continuing operations is expected to be in the range of $3.9 billion to $4.1 billion in 2019, compared with $3.4 billion in the...