GE’s stock falls to 5 1/2-year low as new SEC rule to cut profit estimate by $2.1 billion
November 13, 2017 at 12:22 PM EST
GE’s stock plunged toward a 5 1/2-year low Monday, as the company’s transformation plan, which included details on how the SEC’s new revenue recognition rule would reduce 2017 profits by over $2 billion, gave investors little to cheer about in the near term.