Key TakeawaysGE Aerospace shares jumped higher Tuesday after the company released its first earnings report as a standalone company.General Electric completed its split into three separate companies earlier this month.GE Aerospace reported revenue in line with analyst estimates while profit beat expectations, and raised its projected range for full-year operating profit in Tuesday's report. GE Aerospace (GE) shares surged over 7% in intraday trading Tuesday after it reported its first earnings as a standalo ...

GE Electric Company (NYSE:GE) Q1 2024 Earnings Conference Call April 23, 2024 7:30 AM ET Company Participants Steve Winoker – Vice President-Investor Relations Larry Culp – Chairman and Chief Executive Officer Rahul Ghai – Chief Financial Officer Conference Call Participants David Strauss – Barclays Ron Epstein – Bank of America Sheila Kahyaoglu – Jefferies Myles Walton – Wolfe Research Robert Stallard – Vertical Research Seth Seifman – JPMorgan Ken Herbert – RBC Capital Markets Gautam Khanna – TD Cowen Sco ...

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, ...

GE Aerospace first quarter 2024 performance Financial results & company highlights April 23, 2024 Caution concerning forward-looking statements: This document contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see www.geaerospace.com/investo ...

Core Viewpoint - GE Aerospace is positioned to outperform following its recent financial results, indicating strong demand in the aerospace sector and a positive outlook for future growth [1][2]. Financial Performance - GE Aerospace reported earnings of $0.82 per share on revenue of $16.1 billion, surpassing consensus estimates of $0.65 per share and $15.3 billion in sales, with revenue growth of 11% and aerospace sales up 15% year over year [2]. - The company anticipates full-year earnings between $3.80 and $4.05 per share, aligning with Wall Street's expectation of $3.94 per share, and has raised its operating profit forecast by $100 million to a range of $6.2 billion to $6.6 billion [2]. Business Segments - The growth in revenue, profit, and free cash flow was driven by the Commercial Engines & Services and Defense & Propulsion Technologies segments [3]. - Commercial services experienced a 12% growth in the quarter, highlighting demand not only for new engines but also for parts and services for the existing fleet [4]. Market Demand and Orders - GE Aerospace secured total orders of $11 billion in the quarter, reflecting a 34% increase year over year, and achieved an operating profit margin of 19%, which is an increase of 140 basis points [4]. - The aerospace sector is benefiting from strong demand in commercial aviation, despite challenges such as equipment shortages linked to issues at Boeing and RTX [4].

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 March 31, 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 or ot ...

GE AEROSPACE ANNOUNCES FIRST QUARTER 2024 RESULTS GE delivers strong consolidated results; GE Aerospace raises full-year guidance BOSTON — April 23, 2024 — GE Aerospace (NYSE:GE) announced results today for the first quarter ending March 31, 2024. The consolidated results below include the operations of GE Vernova Inc. (“GE Vernova”), which successfully separated in a spin-off after quarter-end on April 2, 2024 and will report its results on April 25, 2024. First quarter 2024 GE Consolidated Results (includ ...

Key TakeawaysGE Aerospace reports its first earnings as a standalone company Tuesday, after GE completed its split into three separate companies earlier this month. The aerospace technology company's stock has been trending upwards since the split, with JPMorgan analysts calling the company the "the premier large-cap name" in commercial aerospace.GE Vernova and GE Healthcare will both post quarterly earnings within a week of GE Aerospace's Tuesday report. GE Aerospace (GE) is set to post its results for the ...

Investors' concerns over the impact of Boeing's delivery delays may be overdone.An RBC Capital analyst recently raised his price target on GE Aerospace (GE 1.89%) stock from $160 to $165 and maintained his overweight rating. The update implies a 9.3% upside on the stock over the next 12 months.Looking ahead to first-quarter earningsThe aerospace market is split between original equipment manufacturing (OEM) and aftermarket. Delivery disruptions from Boeing mean that its OEM suppliers are likely to reduce th ...

GE Aerospace (GE) is scheduled to report first-quarter 2024 results on Apr 23, before market open.The Zacks Consensus Estimate for earnings has increased 7.8% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average beat being 54.1%.Let’s see how things are shaping up for GE Aerospace this earnings season.Factors to NoteGE Aerospace is expected to have benefited from its focus on innovation, d ...