FILE PHOTO: The General Electric logo is pictured on working helmets during a visit at the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016.
REUTERS/Stephane Mahe/File PhotoCHICAGO (Reuters) -General Electric Co announced an upward revision to its full-year earnings forecast on Tuesday after reporting higher than expected third-quarter profit.
GE said it expects revenue growth, margin expansion, and higher free cash flow next year.
However, it narrowed free cash flow estimates for 2021 to $3.75 billion-$4.75 billion from $3.5 billion-$5.0 billion forecast earlier.
Analysts on average expected GE to report an adjusted profit of 43 cents per share, according to Refinitiv data.
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Montoir, Bretagne, Saint, Nazaire, France, Boston