GE Aerospace Q3 Earnings: Orders Surge, Lifts Earnings Outlook & More
Portfolio Pulse from Akanksha Bakshi
GE Aerospace reported strong Q3 2024 results with a 6% revenue growth, a 28% increase in orders, and a 25% rise in earnings. The company raised its earnings and cash guidance for the year, yet shares fell 4.91% premarket.

October 22, 2024 | 12:30 pm
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GE Aerospace reported a strong Q3 with significant growth in orders and earnings, leading to an upward revision of its annual guidance. Despite these positive results, GE shares fell 4.91% in premarket trading.
GE Aerospace's strong Q3 performance, with a 28% increase in orders and a 25% rise in earnings, led to an upward revision of its annual guidance. However, the premarket share price drop of 4.91% suggests that investors may have had higher expectations or concerns about other factors not detailed in the report. The positive earnings and guidance revision are likely to have a positive impact on the stock in the short term, despite the initial negative market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100