GE Aerospace beats the street, revenue better than expected
Financial Performance - GE Aerospace beat street estimates by $0.23 per share, earning $1.66 per share [1] - Revenue exceeded expectations, topping $10.1 billion [2] - The company raised its free cash flow guidance for the year to a range of $6.5 billion to $6.9 billion [3] - GE Aerospace is targeting $8.5 billion in free cash flow for 2028 [3][4] - The company is targeting $11.5 billion of operating profit [4] Operational Highlights - Engine deliveries increased by 45% in the second quarter [2] - The company expects to grow at a double-digit rate [4] Market Performance - GE Aerospace has significantly outperformed the S&P 500 over the last three years [4]