GE Vernova Q3 Earnings: Strong Sales, Earnings Miss, Cash Flow Surge & More
Portfolio Pulse from Akanksha Bakshi
GE Vernova reported mixed Q3 results with strong sales growth but missed earnings expectations. Revenue grew 8% YoY to $8.913 billion, beating estimates, while EPS missed at a loss of $0.35. Orders increased 17% organically, and cash flow surged. Despite positive revenue and cash flow, shares fell 4.49% premarket.
October 23, 2024 | 12:00 pm
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GE Vernova reported strong revenue growth and cash flow but missed EPS expectations, leading to a 4.49% drop in premarket trading. Revenue grew 8% YoY, and orders increased 17% organically, but the EPS loss of $0.35 missed the consensus.
Despite strong revenue and order growth, GE Vernova's EPS missed expectations, which is a critical metric for investors. The market reacted negatively, with shares dropping 4.49% in premarket trading. The mixed results, particularly the EPS miss, overshadowed the positive cash flow and revenue growth.
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RELEVANCE 100