Ge Aerospace surged on Thursday after the aircraft engine maker unveiled expectation-topping fourth-quarter figures and boosted shareholder rewards. Net income climbed by 49% to US$1.9 billion and trounced analysts' expectations for US$1.2 billion, as revenue also surpassed forecasts, up 14% at US$10.8 billion.
GE Vernova Inc. GEV reported worse-than-expected fourth-quarter EPS and revenue on Wednesday.
GE Aerospace said that it plans to buy back $7 billion in stock and raise dividends by 30% this year.
Shares of GE Aerospace (GE) surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.
GE Aerospace on Thursday forecast profit for the current year above estimates, as persistent shortage of new aircraft forces airlines to fly older jets, creating strong demand for its high-margin parts and services.
The stock's spectacular gains over the past year means the results and outlook need to be especially good.
GE Vernova (GEV) reaffirmed its 2025 outlook despite missing fourth quarter revenue expectations. Chris Dendrinos, RBC Capital Markets Analyst, joins Catalysts to discuss GE Vernova's results.
CNBC's Seema Mody reports on the latest news regarding GE Vernova.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
GE Vernova on Wednesday reported a rise in fourth-quarter profit, helped by strong performance in its grid equipment and services segment, but missed its revenue estimates.
GE Aerospace GE will release its fourth-quarter financial results before the opening bell on Thursday, Jan. 23.
GE Vernova stock bounces back as wind orders tumble, but electrification orders more than double.