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GE's free cash flow beats estimates, provides 2021 outlook

Jan 26 (Reuters) - General Electric Co reported a better-than-expected free cash flow for the fourth quarter on Tuesday and forecast 2021 cash flow to be about $2.5 billion to $4.5 billion, as it benefits from a recovery at its power and renewable energy units.

Adjusted profit for the fourth quarter ended Dec. 31 came in at 8 cents per share, compared with Refinitiv’s average analyst estimate of a profit of 9 cents per share.

Free cash outflow from industrial operations totaled $4.37 billion, GE said. The manufacturing conglomerate had previously predicted a cash flow of at least $2.5 billion in the fourth quarter. (Reporting by Rachit Vats in Bengaluru)

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