GE Aerospace (GE) has reported third-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.It is worth noting that in April 2024, GE Aerospace emerged as a separate public company, following the spin-off of GE Vernova Inc. (GEV) from General Electric.Inside the HeadlinesThe company’s third-quarter adjusted earnings were $1.15 per share, which beat the Zacks Consensus Estimate of $1.13. The bottom line rose 25% year over year.Total revenues were $9.84 bill ...

Goldman Sachs analyst Noah Poponak expresses their view on GE Aerospace‘s GE third-quarter 2024 results.The company reported adjusted revenue growth of 6% Y/Y to $8.943 billion and GAAP revenue of $9.84 billion. The analyst consensus was $9.022 billion.GE still expects adjusted revenue growth in the high single digits. It now sees adjusted EPS of $4.20 – $4.35 (prior $3.95 – $4.20) vs. the $4.25 consensus.The company now expects adjusted operating profit of $6.7 billion – $6.9 billion (prior $6.5 billion – ...

Investors were caught off guard by a report of weaker-than-expected revenue.Supply chain constraints and issues at Boeing (NYSE: BA) are rippling through to suppliers including GE Aerospace (GE -8.24%), leading GE Aerospace to report quarterly revenue on Tuesday that came in below Wall Street expectations.Investors are running from the shares despite what was otherwise a solid quarter, with the stock down 8% around 1 p.m. ET.Strength in servicesGE Aerospace is one of the world's largest makers of aircraft e ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Following a week or two of seemingly higher and higher all-time closing highs, we see something of a pullback in stock market activity in the first two trading days of this week. There aren’t any concrete reasons behind this — no economic data or dire Q3 reports impacting market sentiment — but more a cautious foreboding of what may be to come.The possible explanations for this are manifold. High market valuations naturally bring about caution, and in two weeks we potentially could see a number of prominent ...

General Electric Company (NYSE:GE) Q3 2024 Earnings Conference Call October 22, 2024 7:30 AM ET Company Participants Blaire Shoor - Investor Relations Lawrence Culp - Chairman and CEO Rahul Ghai - Senior Vice President and Chief Financial Officer Conference Call Participants David Strauss - Barclays Douglas Harned - Sanford C. Bernstein & Co. Robert Stallard - Vertical Research Myles Walton - Wolfe Research Sheila Kahyaoglu - Jefferies Ronald Epstein - Bank of America Seth Seifman - JPMorgan Scott Deuschle ...

This week is bringing plenty of corporate earnings reports. In fact, about one-fifth of S&P 500 Index (SPX) components will report by the end of the day on Friday. Today, we're taking a look at two stocks that aren't faring too well after their earnings reports. Shares of GE Arospace (NYSE:GE) are down 8.3% to trade at $178.08 at last glance, headed for their largest single-day percentage dip since a 10.3% slide in April 2022. The aerospace and defense stock nabbed an Oct. 17, 17-year high of $194.80, but i ...

GE Aerospace (GE) reported third-quarter results above expectations Tuesday morning, as Chief Executive Officer (CEO) Larry Culp said the company saw strong demand for its airplane engines and other parts in the quarter. The engine and aerospace parts manufacturer posted $9.84 billion in revenue, while analysts polled by Visible Alpha had a consensus estimate of $9.55 billion. Net income was $1.89 billion, or $1.56 per share, compared with the projected $1.28 billion and $1.19. The company also lifted its p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-00035 GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) New York 14-0689340 (State o ...

GE AEROSPACE ANNOUNCES THIRD QUARTER 2024 RESULTS Delivers significant earnings growth and cash, raises full year guidance Third quarter 2024: • Total orders of $12.6B, +28% • Total revenue (GAAP) of $9.8B, +6%; adjusted revenue* $8.9B, +6% • Profit (GAAP) of $1.9B, Favorable; operating profit* $1.8B, +14% • Profit margin (GAAP) of 19.2%, +1,560 bps; operating profit margin* 20.3%, +150 bps • Continuing EPS (GAAP) of $1.56, Favorable; adjusted EPS* $1.15, +25% • Cash from Operating Activities (GAAP) of $1.9 ...