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9mo ago

GE Aerospace Surges as Earnings Exceed Expectations and Guidance Rises

The company's strong performance underscores its successful turnaround following the split from General Electric.

Overview

  • GE Aerospace reported second-quarter earnings of $1.20 per share, beating analysts' expectations of $0.98 per share.
  • Revenue for the quarter was $9.1 billion, with orders up 18% year-over-year to $11.2 billion.
  • The company raised its full-year earnings guidance to $3.95-$4.20 per share, up from the previous range of $3.80-$4.05.
  • Shares of GE Aerospace have increased by over 70% year-to-date, reflecting investor confidence in the company's strategy.
  • The split of General Electric into three separate companies has been well-received, with GE Aerospace, GE Vernova, and GE HealthCare all showing strong market performance.