General Electric Stock Slides As CFO Cautions On Supply Chain Woes

General Electric  (GE)  shares slumped lower in pre-market trading after the industrial group cautioned that ongoing supply chain disruptions could trim its closely-tracked cashflow forecasts.

GE CFO Carolina Dybeck Happe said supply chain disruptions have extended into the back half of the year, affecting everything from labor to parts and materials, making it difficult to deliver products to customers. Some orders and now being pushed into the fourth quarter, Dybeck Happe said, putting pressure on current quarter cash flows.

Source: https://www.thestreet.com/markets/general-electric-stock-slides-as-cfo-cautions-on-supply-chain-woes?puc=yahoo&cm_ven=YAHOO&yptr=yahoo