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Stock impact report

How the Iran Conflict Is Squeezing GE Aerospace's Outlook [Yahoo! Finance]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Yahoo! Finance
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 by the fact that "95% of the spare parts for second quarter are in the backlog. All the engines that we need to work on for second quarter are in the shop" according to CFO Rahul Ghai on the earnings call. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an Show less Read more
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