Why GE Aerospace Stock Is Losing Altitude Today
GE(GE) The Motley Fool·2024-10-22 17:01Investors 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 ...