GE Aerospace was long considered one of the crown jewels inside of the General Electric conglomerate. Now independent, the company is demonstrating to investors what it is capable of. GE earned $1.32 per share in the fourth quarter on revenue of $10.8 billion, easily surpassing Wall Street's consensus $1.04 per share on $9.5 billion estimates.
Shares of GE Aerospace surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.
GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.
GE Aerospace plans to step up returns to shareholders this year. The maker of aircraft engines on Thursday said it plans to buy back $7 billion worth of stock in 2025 and to raise its dividend by 30%, subject to board approval.
GE Aerospace exceeded expectations in Q4 2024, showcasing strong financial performance and strategic growth initiatives.
GE Aerospace reported better-than-expected fourth-quarter earnings on Thursday. GE Aerospace reported fourth-quarter sales of $9.9 billion, operating profit of $1.9 billion, and earnings per share of $1.
GE Aerospace reported better-than-expected fourth-quarter earnings on Thursday. GE Aerospace reported fourth-quarter sales of $9.9 billion, operating profit of $1.9 billion, and earnings per share of $1.
CEO Larry Culp is speaking on the company’s Q4 earnings conference call. Invest with Confidence: Follow TipRanks' Top Wall Street Analysts to
GE Aerospace (GE) is set to announce Q4 earnings, with analysts focused on engine deliveries, margins, and aftermarket growth outlook.
07:51 EST GE Aerospace (GE) CFO: Supply constraints impacted total engine deliveries in Q4 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
What happened to GE? Start the day smarter. Get all the news you need in your inbox each morning. Last year, GE’s former energy business became Atlanta-based GE Vernova months after GE’s health business became GE HealthCare headquartered in Chicago in 2023.
RBC Capital Markets sustained their positive stance on GE Aerospace (NYSE:GE), reiterating an Outperform rating and a $200.00 price target. With a current market capitalization of $202.76 billion and trading near $187.