General Electric Company (GE)
- Investor's Business Daily
GE Aerospace Surges On Earnings, Outlook After Spinoff
GE stock rallied 5% early Tuesday as GE Aerospace topped quarterly results and raised its operating profit outlook.
- GuruFocus.com
GE Aerospace Surpasses Q1 Revenue Estimates and Raises Full-Year Guidance
Strong Performance in Commercial Engines & Services and Defense & Propulsion Technologies Drive Growth
- Reuters
GE Aerospace lifts 2024 profit forecast amid supply-chain challenges
(Reuters) -GE Aerospace on Tuesday raised its full-year profit forecast even as it continues to wrestle with supply-chain challenges to keep up with strong demand for jet engines. The company has been benefiting from a surge in demand for after-market services as a strong rebound in travel and a shortage of aircraft due to production and engine issues has forced carriers to keep older jets in the air for longer. Analysts say planemaker Boeing's ongoing safety crisis is also expected to be a near-term benefit for GE Aerospace as it increases demand for older engines and allows the company to supply more of its LEAP engines in the aftermarket.
