GE posts another loss, raises cash flow forecast

General Electric Co on Wednesday posted a $1.3 billion loss in the third quarter as it continued its efforts to reboot several of its businesses after taking a $22 billion charge a year ago. The company also raised its full-year industrial free cash flow forecast to between flat and $2 billion, compared with its earlier forecast of negative $1 billion to positive $1 billion.

The company's loss from continuing operations attributable to shareholders was $1.33 billion in the quarter ended Sept. 30, compared with a loss of $22.96 billion a year earlier. Loss per share from continuing operations was 15 cents from a loss of $2.64, the company said.

On an adjusted basis, GE earned 15 cents per share. Total revenue fell to $23.36 billion from $23.39 billion.