GE Aerospace Raises Earnings Goal on Strong Engine Sales [Financial Post (Toronto, Ontario, Canada)]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — General Electric Co. raised the full-year profit guidance for its aerospace business, driven by an increase in revenue from commercial aircraft engines and services. Operating profit this year will reach $6.2 billion to $6.6 billion, GE said in a statement on Tuesday, raising its guidance from as much as $6.5 billion. The company also provided an outlook for adjusted earnings per share, which will come in at $3.80 to $4.05. Article content Article content GE shares gained as much as 5.8% in premarket trading in New York. The report is GE's first since the April 2 spin off of GE Vernova Inc., its energy businesses. In the first quarter, GE Aerospace saw operating profit rise 24% to $1.5 billion, while sales advanced 15% to $8.1 billion. The creation of a standalone GE Aerospace followed the breakup of the storied engineering company. GE is th
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