General Electric shares fell after Q1 earnings, 2022 guidance

Updated at 9:38 AM EST

General Electric (GE) – Get General Electric Company Report posted better-than-expected earnings in the first quarter on Tuesday, while confirming its full-year profit expectation and noting that its historic plans to split the group into three separate companies remain on track.

Equities were pressured in early trading, however, after CEO Larry Culp said supply chain demand and inflationary pressures were likely to continue into the current quarter, noting that the full-year earnings forecast is heading for the lower end of the January guidance.

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