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The company's shares rose 6.5% in trading before the bell after GE Aerospace also announced plans to increase its share buybacks to $7 billion in 2025 and its dividend by 30%. Production delays at ...
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 ...
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 Money buys Superbank's $500 million lending portfolio [18] 2007 GE Consumer & Industrial acquires Microwave Data Systems for US$600 million 2007 GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008
GE Renewable Energy was created in 2015, combining the wind power assets GE purchased from Alstom with those previously owned by GE and operated under the Power & Water division. [4] Upon the division's creation, the headquarters of GE Renewable Energy moved from Schenectady, New York to Paris, France, part of conditions for the Alstom purchase.
2021: GE announces plan to splitting business into three new public companies: GE Vernova, GE HealthCare and GE Aerospace. GE Digital along with GE Renewable Energy, GE Power and GE Energy Financial Services will come together as GE Vernova. [8] 2024: GE announces planned spin-off date for beginning of second quarter of 2024. [9]
The sell-off in the stock post-earnings looks overdone.
GE Aerospace has retained the GE symbol. The energy unit, GE Vernova, made its debut under the ticker symbol GEV. GE Aerospace shares were up about 2% at mid-afternoon.