GE Raises 2019 Forecast as 2Q Earnings Beat Expectations

The transcript discusses the stabilization of a power unit, highlighting an operating profit and improved cash flow. It covers restructuring efforts, cost-cutting measures, and challenges with inherited contracts. The discussion includes leadership changes, specifically the transition of CFO Jamie Miller, and the implications for the company's strategy and investor sentiment.

What was a significant positive development in the power unit's financial performance?

• A rise in restructuring costs

• An operating profit and stable cash flow

• An increase in cash flow burn

• A decrease in operating profit

What is the main challenge faced by the power unit according to the transcript?

• Excessive marketing expenses

• Lack of new business

• Inherited bad contracts

• High employee turnover

Why are the restructuring charges lower than expected?

• The company has not started restructuring

• The company has increased its restructuring budget

• The company is behind in restructuring

• The company is ahead in restructuring

What was a reason for Jamie Miller's resignation as CFO?

• She was not performing well

• She was offered a better position elsewhere

• Investors wanted a new team

• She wanted to retire

What was a strategic reason for keeping Jamie Miller as CFO for a while?

• To maintain continuity and stability

• To expand into new markets

• To increase the company's stock price

• To implement new technology