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GE / GE stock jumps toward a more than 5-year high after earnings, free cash flow beats and raised outlook

GE stock jumps toward a more than 5-year high after earnings, free cash flow beats and raised outlook
Shares of General Electric Co. GE, -0.07% jumped 1.8% toward a 5 1/2-year high in premarket trading Tuesday, after the aerospace and renewable energy company reported second-quarter results that rose above expectations and boosted its full-year outlook, citing “robust” services growth, increasing aerospace demand and record renewable energy orders. The company swung to net income of $946 million, or 86 cents a share, from a loss of $1.25 billion, or $1.13 a share, in the year-ago period. Read More
Posted: Jul 25 2023, 06:33
Author Name: Market Watch
Views: 110816

GE News  

GE's Pension Invested $100 Million in a New ETF

By Barrons
November 1, 2023

GE's Pension Invested $100 Million in a New ETF

General Electric's pension disclosed a stake in the Simplify Market Neutral Equity Long/Short exchange-traded fund in the third quarter. more_horizontal

Should You Pick General Electric Stock At $110 After A Solid Q3?

By Forbes
October 30, 2023

Should You Pick General Electric Stock At $110 After A Solid Q3?

General Electric reported revenue of $17.3 billion, reflecting 20% growth from the prior year period and above our estimate of $15.8 billion. more_horizontal

Siemens Energy Plummets on Wind Power Worries. What It Means for GE.

By Barrons
October 26, 2023

Siemens Energy Plummets on Wind Power Worries. What It Means for GE.

Siemens Energy's wind business lost more than $2.5 billion in its June quarter. more_horizontal

GE and Others are Losing Billions on Offshore Wind. A Path Forward Emerges.

By Barrons
October 26, 2023

GE Reports Stellar Earnings Ahead Of Breaking Into Two Companies

By Forbes
October 25, 2023

GE, RTX, GM Earnings Show That This Economy Is Wild

By Barrons
October 25, 2023

GE, RTX, GM Earnings Show That This Economy Is Wild

For investors, it's a time to stick to the basics: Buy quality companies and don't pay too much. more_horizontal

Earnings breakdown: GE, 3M, RTX, Verizon

By Yahoo Finance
October 24, 2023

Earnings breakdown: GE, 3M, RTX, Verizon

General Electric (GE) and 3M (MMM) shares jump after both companies topped their respective earnings expectations and raised guidance. Aerospace devel more_horizontal

GE's earnings included an array of nonstandard — and confusing — numbers

By Market Watch
October 24, 2023

GE's earnings included an array of nonstandard — and confusing — numbers

But that's no excuse for General Electric Co.'s GE, +7.37% third-quarter earnings release early Tuesday to include quite so many nonstandard, non-GAAP more_horizontal


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