Why GE Aerospace (GE) Stock Is Up Today
What Happened? Shares of industrial conglomerate GE Aerospace (NYSE:GE) jumped 9.4% in the pre-market session after the company reported strong fourth-quarter results, which blew past analysts' revenue estimates amid improved demand for spare parts,
GE Aerospace looks to ‘compound’ investor returns. Stock soars to 18-year high.
Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it was going to buy back more stock and boost its dividend by 30%.
Why GE Aerospace Stock Is Flying High Today
GE Aerospace was long considered one of the crown jewels inside of the General Electric conglomerate. Now independent, the company is demonstrating to investors what it is capable of. GE earned $1.32 per share in the fourth quarter on revenue of $10.8 billion, easily surpassing Wall Street's consensus $1.04 per share on $9.5 billion estimates.
What Analysts Think of GE Aerospace Stock Ahead of Earnings
GE Aerospace is slated to report fourth-quarter results before markets open Thursday, and analysts are bullish on the maker of airplane engines and other parts.
GE Aerospace Optimistic About 2025, Stock Jumps
GE Aerospace on Thursday forecast stronger profit in 2025, saying it is better prepared to meet jet engine demand with progress in resolving supply chain issues that had hobbled production. Fourth-quarter earnings topped Wall Street estimates,
GE Aerospace (GE) Gets a Buy from Wells Fargo
Wells Fargo analyst Sarah Akers maintained a Buy rating on GE Aerospace (GE – Research Report) today and set a price target of $250.00. The
GE Aerospace’s stock leaps toward an 18-year high after a big earnings beat
Shares of GE Aerospace surged 7.2% in premarket trading Thursday toward an 18-year high after fourth-quarter profit and revenue beat by healthy margins, fueled by strength in the commercial engines business.
GE Aerospace Stock Surges on Strong Earnings, Outlook
GE Aerospace stock rallied, after the jet-engine maker posted quarterly profit and revenue that flew past Wall Street's estimates. Chief Executive Larry Culp said the company ended 2024 with robust demand for its services and products,
GE Aerospace rises 10.0%
GE Aerospace (GE) is up 10.0%, or $18.81 to $207.17.Invest with Confidence: Follow TipRanks' Top Wall Street Analysts to uncover their success
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