GE Sees Profit at Low End of Outlook

General Electric (GE Quote) said Tuesday that its fourth-quarter earnings will likely be at the low end of its expected range and that it will probably record a charge, partly for restructuring, of $1 billion to $1.4 billion for the period.

GE had previously estimated earnings at 50 cents to 65 cents a share for the quarter and now believes it will earn 50 cents to 52 cents. On average, analysts surveyed by Thomson Reuters are looking for 51 cents.

The announcement came as the company said it plans to support its GE Capital unit by continuing to diversify funding, remixing the financial-services businesses and arranging its portfolio for future growth. ...