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GE stocks hit 9-year low as Wall Street says cut could not be enough



General Electric shares plunged 10 percent to below $ 10 a share during trading Tuesday after several Wall Street analysts warned clients that new CEO Larry Culp's cut in the quarterly dividend to just a penny a share may just be the beginning of a slow and sluggish difficult process.

9659005] reported adjusted for revenue and revenue for the third quarter, which missed Wall Street expectations and a GAAP loss of $ 2.63 per share in the period
  • said it Sharing its electricity business in two separate units
  • reported that a 7 percent increase in last year's profits for the Air Combision
  • said it expects to retain about $ 3.9 billion in cash a year as a result of the dividend cut
  • GE shares were last under $ 10 in April 2009.

    Here's a wrap, what ma Jo Wall Street analysts had to report on the many announcements from GE:


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