GE Aerospace Shares Dip Despite Raised Profit Forecast

Supply chain constraints and Boeing's production issues challenge GE Aerospace's growth, even as demand for aftermarket services boosts profit projections.

• GE Aerospace's third-quarter revenue fell short of Wall Street expectations at $8.94 billion, missing the $9 billion analyst estimate.
• The company raised its full-year profit forecast to $4.20-$4.35 per share, driven by strong demand for aftermarket services.
• Supply chain issues, including a shortfall in Leap engine deliveries to Airbus, continue to impact GE Aerospace's production capabilities.
• Despite the revenue miss, GE Aerospace's total orders surged 28%, with commercial engines and services orders increasing by 29%.
• GE Aerospace's stock fell approximately 9% as investors reacted to the mixed earnings report and ongoing industry challenges.

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