GE Aerospace (GE) reported second-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.It’s 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 second-quarter adjusted earnings were $1.20 per share, which beat the Zacks Consensus Estimate of 97 cents. The bottom line surged 62.2% year over year.Total revenues were $9.09 ...

Strong aftermarket demand is pushing earnings higher.GE Aerospace (GE 7.13%) reported a stronger-than-expected quarter thanks to continued strong demand for airplane and engine spare parts. Investors are taking notice, sending shares of GE Aerospace up 8% as of noon ET.Strong pricing leads to an earnings beatGE Aerospace is the last vestige of onetime conglomerate General Electric. The company is a leading manufacturer of aircraft engines and other equipment.The company earned $1.20 per share in the second ...

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Tuesday.The Dow traded up 0.09% to 40,452.70 while the NASDAQ rose 0.62% to 18,119.84. The S&P 500 also rose, gaining, 0.32% to 5,582.32.Check This Out: How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings ReportLeading and Lagging SectorsConsumer discretionary shares jumped by 1% on Tuesday.In trading on Tuesday, energy shares fell by 1.4%.Top HeadlineGE Aerospace GE reported better-than ...

Manjit Bains /iStock via Getty Images Introduction I'm not breaking any news when I say that I have started to really like GE Aerospace (NYSE:GE), a company I have increasingly covered since last year, when it was still General Electric. After two major spin-offs, the company is now a pure-play aerospace company, which comes with massive benefits in a world where both commercial and defense demand is booming. My most recent article was written on June 6, when I went with the title “Moat Monster: GE Aero ...

General Electric Company (NYSE:GE) Q2 2024 Earnings Conference Call July 23, 2024 7:30 AM ET Company Participants Blaire Shoor - Director of Investor Relations Lawrence Culp - Chairman and Chief Executive Officer Rahul Ghai - Senior Vice President and Chief Financial Officer Conference Call Participants Robert Spingarn - Melius Research LLC Myles Walton - Wolfe Research Sheila Kahyaoglu - Jefferies LLC David Strauss - Barclays Bank PLC Seth Seifman - JPMorgan Chase & Co. Gautam Khanna - TD Cowen Scott Deusc ...

Key TakeawaysGE Aerospace shares surged Tuesday after the company posted second-quarter earnings that beat analysts' estimates.The aerospace parts maker said orders for its engines and other products rose 18% year-over-year.GE Aerospace also lifted its guidance for the full fiscal year. GE Aerospace (GE) shares jumped over 6% in early trading Tuesday after the company's second-quarter earnings exceeded expectations as orders surged. The aerospace parts maker posted a 4% increase in revenue to $9.1 billion, ...

GE Aerospace second quarter 2024 performance Financial results & company highlights July 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 ...

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 June 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 or oth ...

GE AEROSPACE ANNOUNCES SECOND QUARTER 2024 RESULTS Delivers strong second quarter with significant profit growth, raises full-year profit and cash guidance Second quarter 2024: • Total orders of $11.2B, +18% • Total revenue (GAAP) of $9.1B, +4%; adjusted revenue* $8.2B, +4% • Profit (GAAP) of $1.4B, (4)%; operating profit* $1.9B, +37% • Profit margin (GAAP) of 15.9%, (130) bps; operating profit margin* 23.1%, +560 bps • Continuing EPS (GAAP) of $1.20, +$0.11; adjusted EPS* $1.20, +$0.46 • Cash from Operatin ...

FARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today that International Airlines Group (IAG) has committed to purchasing GEnx engines to power six new 787 Dreamliners for British Airways – the first introduction of this engine into their fleet."British Airways was the launch customer for the highly successful GE90 engine. Bringing the GEnx into their 787 fleet represents another important milestone in our relationship," said Russell Stokes, President and CEO, Commercia ...