GE Jumps on Surprise Profit as CEO Larry Culp Sees Turnaround Accelerating

(Bloomberg) -- General Electric Co. surged after a surprise profit and rebound in cash flow signaled that Chief Executive Officer Larry Culp’s turnaround plan is regaining traction despite the coronavirus pandemic.Adjusted earnings of 6 cents a share in the third quarter defied Wall Street’s expectations for a 4 cent loss, and sales of $19.4 billion also exceeded analyst estimates. Industrial free cash flow, a key gauge of earnings power, will be at least $2.5 billion in the fourth quarter...