GE posts $10 billion loss, sales drop as power weakens

While the results contained no new sizeable charges, they threw into stark relief how far the U.S. industrial conglomerate had veered from its outlook less than a year ago, when former Chief Executive Jeff Immelt predicted that sales would rise as much as 5 percent in 2017 and margins would expand by a full percentage point.In fact, GE said, sales fell 1 percent to $122.1 billion in 2017 and operating profit margins contracted by 5.7 percentage points to 5.7 percent.