GE Vernov Q1 2024 Adj EPS $(0.41) Misses $(0.37) Estimate, GAAP Total Revenues $7.260B vs $7.337B Estimate, Organic Revenues $7.169B
Portfolio Pulse from Benzinga Newsdesk
GE Vernov reported its Q1 2024 earnings with an adjusted EPS of $(0.41), missing the $(0.37) estimate. GAAP total revenues were $7.260 billion, slightly below the $7.337 billion estimate, with organic revenues at $7.169 billion.

April 25, 2024 | 10:25 am
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GE Vernov's Q1 2024 earnings report showed a miss on both adjusted EPS and revenue estimates, indicating potential challenges ahead.
Missing both the EPS and revenue estimates typically leads to negative investor sentiment in the short term. Given that GE Vernov's results fell short of expectations on both fronts, it's likely that there will be a negative impact on the stock price in the short term. The miss on adjusted EPS, which is a key metric for profitability, and the slight miss on revenue forecasts suggest operational challenges that could concern investors.
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