GE Aerospace Tops Q3 Estimates, Raises Profit Outlook

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 ...