GE Aerospace was long considered one of the crown jewels inside of the General Electric conglomerate. Now independent, the company is demonstrating to investors what it is capable of. GE earned $1.32 per share in the fourth quarter on revenue of $10.8 billion, easily surpassing Wall Street's consensus $1.04 per share on $9.5 billion estimates.
Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it was going to buy back more stock and boost its dividend by 30%.
GE Aerospace posted a surge in quarterly revenue that blew past Wall Street’s estimates as the jet-engine maker received an influx of orders to end the year.
GE Aerospace appears well on its way to accomplishing a goal it set during its launch as a standalone company last year.
Shares of GE Aerospace surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.
GE Aerospace reported better-than-expected fourth-quarter earnings on Thursday. GE Aerospace reported fourth-quarter sales of $9.9 billion, operating profit of $1.9 billion, and earnings per share of $1.
GE Aerospace exceeded expectations in Q4 2024, showcasing strong financial performance and strategic growth initiatives.
GE Aerospace reported strong financial results for the third quarter of 2024, exceeding analyst expectations with an adjusted earnings per share (EPS) of $1.32 compared to the forecasted $1.05. The company also reported revenue of $9.
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GE Aerospace stock rallied, after the jet-engine maker posted quarterly profit and revenue that flew past Wall Street's estimates. Chief Executive Larry Culp said the company ended 2024 with robust demand for its services and products,
GE Aerospace plans to step up returns to shareholders this year. The maker of aircraft engines on Thursday said it plans to buy back $7 billion worth of stock in 2025 and to raise its dividend by 30%, subject to board approval.