GE Expects Rebound After Tough ‘Reset’ Year in 2019; Shares Climb

FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the company's site of its energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photo

General Electric Co promised on March 14 that its earnings would improve in 2020 and beyond after a difficult, “reset” year in 2019, sending shares higher in midday trading.

Chief Executive Officer Larry Culp said GE will invest $2.5 billion in a restructuring that will yield returns after 2019.