GE Aerospace (GE) posted better-than-expected earnings and revenue for the fiscal Q1 2024.
Shares rose 0.6% in premarket trading Tuesday.
The aircraft engine supplier reported first-quarter earnings per share (EPS) of $0.82, beating the consensus estimates of $0.66. Revenue came in at $16.1 billion, also above the estimated $15.24 billion.
For the full year 2024, GE Aerospace has updated its financial guidance.
The company now expects an adjusted EPS in the range of $3.80 to $4.05, compared to the consensus estimate of $3.94.
Moreover, it anticipates operating profit to be between $6.2 billion and $6.6 billion, an increase from its previous forecast range of $6 billion to $6.5 billion.