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Stock impact report

How the Iran Conflict Is Squeezing GE Aerospace's Outlook [Globe and Mail, The (Toronto, Canada)]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
The Persian Gulf conflict and the closure of the Strait of Hormuz is pressuring flight departures and future service revenue. Management's guidance assumes oil prices will normalize by year-end; risks remain if conflict persists. GE Aerospace (NYSE: GE) just reported first-quarter earnings that beat Wall Street estimates. Highlights included an adjusted year-over-year revenue increase of 29% and a whopping 87% increase in orders spread across a 93% increase in commercial engines and services (CES) and a 67% increase in defense and propulsion technologies (DPT). However, the stock declined 4.5% on the day of the earnings release. There's something else going on here, and that "something" is the risk of a prolonged conflict in the Persian Gulf. GE Aerospace had an excellent quarter It wasn't just a strong first quarter; management also expects an excellent second quarter with services growth in the high teens (a figure above the full-year guidance for mid-teens growth), driven Show less Read more
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