GE Vernova Stock Slumps as Q4 Revenue, Profit Fall Short of Estimates

GE Vernova (GEV) shares are falling in premarket trading Wednesday after the energy company reported worse-than-expected fourth-quarter results. The company reported net income of $484 million, or$1.73 per share, on revenue of $10.56 billion. Analysts polled by Visible Alpha expected a profit of$634.5 million, or $2.30 per share, on revenue of$10.74 billion. GE Vernova's wind segment reported earnings before interest, taxes, depreciation and amortization (EBITDA) of just $19 million, with the segment lo ...