GE Aerospace Stock Soars as Q4 Revenue, Profit Blow Past Estimates

Shares of GE Aerospace (GE) surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates. The manufacturer of airplane engines and other parts reported net income of $1.9 billion, or$1.75 per share, on $10.81 billion in revenue. Analysts had expected profit of$1.2 billion, or $1.10 per share, on$10.01 billion in revenue, according to estimates compiled by Visible Alpha. GE Aerospace's revenue comes largely from two units, commercial engines and ser ...