
General Electric Company (GE) reported its quarterly earnings, revealing a revenue of $9.84 billion, a year-over-year increase of 5.81%, which surpassed expectations by $822 million. The earnings per share (EPS) stood at $1.15, reflecting a 25% increase year-over-year, beating estimates by $0.01. Despite these positive figures, shares of GE Aerospace dropped nearly 9% due to weak sales and ongoing supply constraints affecting the aerospace sector. In a separate report, GE Vernova, another division of the company, reported third-quarter earnings that missed expectations, with an adjusted EPS of 4 cents, significantly below the forecast of 18 cents. However, its revenue of $8.91 billion exceeded the anticipated $8.78 billion. Following the earnings report, GE Vernova's shares declined over 4%. The company reaffirmed its full-year revenue guidance, estimating between $34 billion and $35 billion.
GE Vernova Earnings Miss Sends Stock Lower GE Vernova shares declined over 4% after missing third-quarter earnings expectations. The electric power company reported adjusted earnings of just 4 cents per share, well below the forecasted 18 cents. However, revenue came in slightly…
$GEV GE Vernova misses on eps, beats on rev. -6% pm https://t.co/NnKLv6BEXy
💰 GE Vernova LLC $GEV EPS. vs Forecast -0.35 / 0.24 🔴 Rev. vs Forecast 8.91B / 8.78B 🟢 Market Cap: 75.96B

