GE Aerospace Raises FY24 Outlook: Revenue Growth In High Single Digits (From Low Single Digits Prior), Adj. EPS $3.95-$4.20 (From $3.80-$4.05 Prior) Vs. $4.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
GE Aerospace has raised its FY24 outlook, now expecting revenue growth in the high single digits, up from the previous low single digits. The adjusted EPS forecast has also been increased to $3.95-$4.20, compared to the prior $3.80-$4.05, and is in line with the $4.08 estimate.
July 23, 2024 | 10:29 am
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GE Aerospace has raised its FY24 outlook, now expecting revenue growth in the high single digits, up from the previous low single digits. The adjusted EPS forecast has also been increased to $3.95-$4.20, compared to the prior $3.80-$4.05, and is in line with the $4.08 estimate.
The raised outlook for both revenue growth and adjusted EPS indicates improved financial performance expectations for GE Aerospace. This positive revision is likely to boost investor confidence and drive the stock price up in the short term.
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IMPORTANCE 90
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