🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

GE Aerospace beats on top and bottom lines in Q1, hikes profit outlook

Published 23/04/2024, 08:36 pm
© Reuters
GE
-

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.