GE Aerospace: annual targets revised upwards
In its first publication as an independent entity since its spin-off from GE Vernova, the aircraft engine manufacturer saw its order intake climb by 34% to $11 billion in the first quarter.
Its sales rose by 15% to $8.1 billion in the January-March period, giving operating income of $1.5 billion, up 24%.
The US group now expects full-year operating income of between $6.2 and $6.6 billion, compared with a previous forecast of between $6 and $6.5 billion.
GE Aerospace shares were expected to rise by more than 4% on Tuesday morning in pre-market trading following this publication.
GE Vernova, GE's former power plant division, which is now listed separately, will publish its first-quarter results on Thursday.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction