GE Aerospace (GE) Q1 Earnings Surpass Estimates, Up Y/Y [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
In April 2024, GE Aerospace emerged as a separate public company, following the spin-off of GE Vernova Inc. GEV from General Electric. Notably, GE Aerospace's first-quarter results include the performance of GE Vernova, as the spin-off was completed after first-quarter-end. Inside the Headlines In the quarter under discussion, the company's adjusted earnings came in at 82 cents per share, which beat the Zacks Consensus Estimate of 67 cents. The bottom line surged 203.7% year over year. Total segment revenues came in at $15.2 billion, representing an increase of 11% year over year. However, the top line missed the consensus estimate of $15.7 billion. Total orders grew 14% on a year-over-year basis to $20.1 billion. Segmental Discussion Aerospace revenues jumped 16% year over year to $8.1 billion in the reported quarter, driven by robust demand for commercial engines & services and defense & propulsion technologies. Organic revenues rose 15% year over year. GE Vernova (now
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- North America HVDC Market Analysis to 2030 Featuring GE Vernova, Hitachi Energy, and Siemens Energy [Yahoo! Finance]Yahoo! Finance
- Europe HVDC Market Analysis to 2030 Featuring GE Vernova, Hitachi Energy, and Siemens Energy with Focus on UK, Germany, Italy, Netherlands, & France [Yahoo! Finance]Yahoo! Finance
- GE Vernova Recommends Shareholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation [Yahoo! Finance]Yahoo! Finance
- GE Vernova Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Investment CorporationBusiness Wire
- Next Hydrogen Reports Q1 2024 Financial Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
GEV
Earnings
- 4/26/24 - Miss
GEV
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- GEV's page on the SEC website