GE Aerospace gains altitude as bumper results see shareholder rewards hiked
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GE Aerospace reported strong fourth-quarter results, with net income rising 49% to $1.9 billion, surpassing expectations. Revenue also exceeded forecasts, increasing by 14% to $10.8 billion. As a result, GE Aerospace has increased shareholder rewards.
January 23, 2025 | 2:15 pm
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GE Aerospace's Q4 results exceeded expectations with a 49% increase in net income and a 14% rise in revenue. Shareholder rewards have been increased.
The significant increase in net income and revenue, both surpassing expectations, is a positive indicator for GE's financial health. The decision to increase shareholder rewards further boosts investor confidence, likely leading to a positive short-term impact on GE's stock price.
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