Why GE Aerospace Stock Is Taking Off Today [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
Shares of the jet engine maker were up 6% as of 11 a.m. ET Tuesday after the company released first-quarter results. Aerospace takes the lead GE Aerospace is what remains of the once-fabled conglomerate following the spinoff of its energy business as GE Vernova on April 2. The first-quarter report includes results of Vernova but showed the power of the aerospace unit. GE Aerospace earned $0.82 per share in the quarter on revenue of $16.1 billion, easily beating the consensus estimate of $0.65 per share on $15.3 billion in sales. Revenue was up 11%, with aerospace sales up 15% year over year. The company sees full-year earnings coming in at between $3.80 and $4.05 per share, in line with Wall Street's $3.94-per-share expectation, and GE Aerospace also boosted its operating profit forecast by $100 million to a range of $6.2 billion to $6.6 billion. "Commercial Engines & Services and Defense & Propulsion Technologies drove double-digit revenue, profit and free cash flow growth
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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