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The good news from GE Aerospace That said, the disappointing news on LEAP deliveries shouldn't overshadow the good news on orders, which were up 29% in the commercial engine segment and 19% in the ...
Goldman Sachs analyst Noah Poponak expresses their view on GE Aerospace‘s (NYSE:GE) third-quarter 2024 results. The company reported adjusted revenue growth of 6% Y/Y to $8.943 billion and GAAP ...
Boeing's new plane production is well below expectations, leading to some weakness in new plane engine sales, but GE grew services revenue by 10% thanks to higher spare part sales.
Wake up with Breakfast news in your inbox every market day. Sign Up For Free » For the year, GE reported profit up 27% to $7.6 billion on revenue up 9% to $38.7 billion.
GE started the year expecting a 20% to 25% increase in LEAP deliveries but has cut expectations every quarter, with the latest update calling for a 10% decline in 2024. That's probably why the ...
GE Aerospace's (NYSE: GE) shares declined by more than 5% as of 11 a.m. ET today. It's not often you can blame a stock price decline on an analyst downgrade of another company, but in this case ...
General Electric Company, doing business as GE Aerospace, [4] is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati.It is the legal successor to the original General Electric Company founded in 1892, which split into three separate companies between November 2021 and April 2024, adopting the trade name GE Aerospace after divesting its healthcare ...
The sell-off in the stock post-earnings looks overdone.
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