GE Aerospace Surges on Strong Q4 Results
Shares of GE Aerospace (GE) soared nearly 10% Thursday morning, topping the S&P 500 gainers, after the company reported fourth-quarter results that significantly exceeded analysts' expectations.- Q4 Performance Highlights:
- Net Income: $1.9 billion ($1.75 per share) vs. analyst estimates of $1.2 billion ($1.10 per share).
- Revenue: $10.81 billion, beating the forecasted $10.01 billion.
- Segment Breakdown:
- Commercial Engines and Services: $7.65 billion in revenue (vs. $7.39 billion expected).
- Defense and Propulsion: $2.52 billion, meeting expectations.
- Future Outlook:
- For FY 2025, GE Aerospace anticipates low-double-digit adjusted revenue growth, following a 10% rise to $35.1 billion in 2024.
- Adjusted EPS is projected between $5.10 and $5.45, up from $4.60 in 2024.