BRIEF-GE Reports Q2 Loss Per Share of $0.01

General Electric Co: * QTRLY CONSOLIDATED REVENUES $28.8 BILLION VERSUS $29.2 BILLION

* GE QTRLY NET LOSS PER SHARE $0.01 * QTRLY CONTINUING LOSS PER SHARE WAS $0.03

* AS OF JUNE 30, CO HAD ABOUT $2.1 BILLION OF NET ASSETS RELATED TO THE 737 MAX PROGRAM * AS A RESULT OF 737 MAX GROUNDING, GE CFOA WAS ADVERSELY AFFECTED BY ESTIMATED $0.3 BILLION & $0.6 BILLION FOR QUARTER & SIX MONTHS ENDED JUNE 30, 2019

* IF THE 737 MAX REMAINS GROUNDED, BASED ON CURRENT ASSUMPTIONS, ANTICIPATE A NEGATIVE IMPACT TO GE CFOA OF ABOUT $0.4 BILLION/PER QUARTER IN H2 2019. * NO IMPAIRMENT CHARGES WERE INCURRED RELATED TO 737 MAX AIRCRAFT AND RELATED BALANCES IN H1 2019, BELIEVE THESE ASSETS ARE FULLY RECOVERABLE

* QTRLY EXCLUDING. CHARGES, ADJUSTED EARNINGS PER SHARE WAS $0.17 * Q2 EARNINGS PER SHARE VIEW $0.12, REVENUE VIEW $28.68 BILLION -- REFINITIV IBES DATA

* IN QUARTER, RECORDED A NON-CASH IMPAIRMENT LOSS OF $744 MILLION RELATED TO GOODWILL IMPAIRMENTS * AFTER THE IMPAIRMENT CHARGE, THERE IS NO REMAINING GOODWILL ASSOCIATED WITH GRID SOLUTIONS EQUIPMENT & SERVICES REPORTING UNIT

* QTRLY GE INDUSTRIAL PROFIT MARGINS WERE NEGATIVE 1.3%, DOWN 590 BASIS POINTS * GE CFOA FROM CONTINUING OPERATIONS WAS NEGATIVE $0.8 BILLION FOR BOTH SIX MONTHS ENDED JUNE 30, 2019 AND 2018

* ADJUSTED GE INDUSTRIAL FCF WERE NEGATIVE $2.2 BILLION AND NEGATIVE $1.4 BILLION FOR SIX MONTHS ENDED JUNE 30, 2019 AND 2018, RESPECTIVELY * DURING Q2, CFM REDUCED PRODUCTION RATE FOR LEAP-1B TO MEET BOEING'S REVISED AIRCRAFT BUILD RATE RELATED TO 737 MAX GROUNDINGS Source text: (https://bit.ly/2YzD1hE) Further company coverage: