General Electric Company (GE)
GE Vernova says manufacturing issue led to Vineyard turbine blade failure
Power services firm GE Vernova said on Wednesday a manufacturing issue led to a turbine blade failure at its Vineyard Wind offshore project off the coast of Massachusetts earlier this month.
GE Aerospace Flies High On Hopeful Guidance
GE Aerospace shares spiked 5.7% after reporting Q2 results, with revenue slightly below expectations but adjusted earnings per share higher than anticipated. Orders for Commercial Engines & Services segment increased significantly, while the Defense & Propulsion Technologies segment saw a decline. Despite strong financial performance, GE Aerospace shares are still expensive, leading to a 'hold' rating.
Why GE Stock Has Finally Recovered from the Great Recession
Shares of GE Aerospace (GE) on Tuesday hit their highest level since early 2008 as second-quarter results showed the company's years-long turnaround plan was bearing fruit.
GE Aerospace (GE) Q2 Earnings Beat Estimates, Rise Y/Y
GE Aerospace's (GE) second-quarter 2024 results reflect a 4% increase in revenues, driven by the solid performance of its segments.
Why GE Aerospace Stock Is Flying Higher Today
GE Aerospace beat earnings estimates thanks to strong demand for spare parts and engine replacements. The company raised its full-year guidance.
Crude Oil Down 2%; GE Aerospace Earnings Top Views
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Tuesday.
This Is Not Your Father's GE: GE Aerospace Keeps Hitting Home Runs
GE Aerospace is a pure-play aerospace company with strong financial performance and impressive growth in orders, profits, and margins. The company's aftermarket revenue, innovative programs, and streamlined operations position it for sustained success and elevated free cash flow. With guidance hikes and ambitious long-term targets, GE Aerospace is accelerating momentum and maintaining strong market dominance.
General Electric Company (GE) Q2 2024 Earnings Call Transcript
General Electric Company (NYSE:GE ) Q2 2024 Earnings Conference Call July 23, 2024 7:30 AM ET Company Participants Blaire Shoor - Director of Investor Relations Lawrence Culp - Chairman and Chief Executive Officer Rahul Ghai - Senior Vice President and Chief Financial Officer Conference Call Participants Robert Spingarn - Melius Research LLC Myles Walton - Wolfe Research Sheila Kahyaoglu - Jefferies LLC David Strauss - Barclays Bank PLC Seth Seifman - JPMorgan Chase & Co. Gautam Khanna - TD Cowen Scott Deuschle - Deutsche Bank Robert Stallard - Vertical Research Partners LLC Noah Poponak - Goldman Sachs Gavin Parsons - UBS Jason Gursky - Citigroup Inc. Matthew Akers - Wells Fargo Securities, LLC Operator Good day, ladies and gentlemen, and welcome to the GE Aerospace Second Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.
GE Aerospace Stock Jumps on Earnings Beat, Guidance Boost
GE Aerospace (GE) shares jumped over 6% in early trading Tuesday after the company's second-quarter earnings exceeded expectations as orders surged.
GE Aerospace cashes in on jet supply problems
GE Aerospace said it is cashing in on a shortage of new civil jets currently as it raised its profits forecast for the current year. Shares rose 2.5% in premarket trading as the engineer said aircraft shortages and high travel demand are driving up maintenance expenses as airlines keep older planes flying.
GE Aerospace's stock jumps after earnings beat by wide margin, full-year outlook was raised
Shares of GE Aerospace GE, +2.28% climbed 2.6% toward a two-month high in premarket trading Tuesday, after the jet engines maker reported second-quarter profit and revenue that were well above forecasts, and lifted its full-year outlook. The results were the first for GE as an independent company, since the spinoff of the power business as GE Verona Inc. GEV, +2.09% took effect on April 2.
GE Aerospace lifts 2024 profit view on strong demand for engine parts, services
GE Aerospace raised its annual profit forecast on Tuesday on strong demand for its aftermarket services, including jet-engine parts, as a shortage of new planes prompted airlines to keep older ones in the air.
