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Stock impact report

GE Vernova Flaunts $150 Billion Backlog, Doubles Dividend [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
Shares were trading lower following the report, reflecting an earnings miss even as the company highlighted solid demand, margin expansion, and cash generation during the period. For the quarter, GE Vernova reported revenue of $10.956 billion, up 4% from $10.559 billion, and sales exceeded an analyst estimate of $10.213 billion. Fourth-quarter EPS of $2.79 missed a $3.18 estimate, while diluted GAAP EPS rose to $13.39 from $1.73 a year earlier. Net income totaled $3.670 billion, producing a 33.5% margin, "inclusive of a $2.9 billion tax benefit due to a U.S. valuation allowance release." Adjusted EBITDA was $1.158 billion, and adjusted EBITDA margin was 10.6%. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it Fourth-quarter orders totaled $22.2 billion, up 65% organically, and backlog increased Show less Read more
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