In its first-quarter earnings results call Tuesday, General Electric (NYSE: GE) reported better-than-expected sales, but CEO Larry Culp warned of headwinds that could tamper with earlier full-year predictions.
“We’re holding the outlook range we shared in January, but as we continue to work through inflation and other evolving pressures, we’re currently trending toward the low end of the range,” Culp said in a statement. “Importantly, we remain on track to launch three independent, investment-grade companies with leading positions in growing, critical sectors, well-positioned to create long-term value.”
