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GE Jekyll and Hyde quarter; revenues fall in power, renewables up 2%

9GE figures were out this week and it missed earnings forecasts by the narrowest of margins and beat revenue targets by a similar amount. Opinion remains split on the massive company as a whole, with some suggesting it is over-valued and potentially committing fraud by holding too little cash for its health segment to support payouts, and others suggesting it is on the way back to health. In GE numbers out this week, it generated free cash flow in its industrial segment of $3.9 billion in the quarter, which meant it was positive to the tune of $2.3 billion for the full year, way ahead of expectations, despite $1.4 billion of cash headwind from the Boeing 737 MAX grounding. It…

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