After the open, GE cut earnings estimates but said it is on track to deliver double-digit growth in 2001 and 2002.
The company said that despite a 4-cent per share hit in 2001 for insurance losses, it is targeting growth in earnings per share of 11%, to $1.41 per share from $1.27 in 2000.
Before last week's terrorist attacks, GE had expected earnings of about $1.45.
The stock has been heavily traded and was heading lower all week.
Also active this morning, mobile phone manufacturer
was down 6.8%, while
was down 4.8%.