GE Stock Recent News

GE Aerospace -- all that remains of the old General Electric -- outperformed on earnings last week. GE shares are up 100% over the past year, and Wells Fargo analyst Matthew Akers thinks they're going even higher.

In early April, GE completed its split into three companies.

Wall Street has hiked the average price target for GE Aerospace stock in the latest stage of upbeat news for longtime investors.

GE Aerospace is still ramping engine deliveries at an impressive rate, which will hold back profitability this year. The company's near-term valuation should be evaluated in the context of its long-term earnings and cash flow generation.

Although not ideal for GE, a delay in new engine deliveries means older GE engines are likely to be run more. GE remains an excellent option for investors looking for aerospace and defense exposure.

On April 23, 2024, GE Aerospace (NYSE: GE, $161.26, Market Capitalization: $176.5 billion) reported robust 1Q24 results, with a strong beat on EPS versus consensus. It should be noted that as GE Vernova was spun off from GE on April 2, and Vernova remained a part of the consolidated company for 1Q24.

On April 25th, less than one month after becoming an official company, General Electric Vernova reported its first-ever financial results. Unfortunately, in the quarter, GE Vernova orders of $9.7 billion were mostly flat, down 1% organically.

General Electric NYSE: GE stock is up 3.47% in early trading after the company delivered its first-quarter earnings report. The company delivered revenue of $16.1 billion and earnings per share (EPS) of 82 cents per share, a 55% year-over-year (YOY) increase.

GE Aerospace (GE) first-quarter 2024 results reflect 11% increase in revenues, driven by solid performance from its Aerospace segment.

GE Aerospace (GE) shares surged over 7% in intraday trading Tuesday after it reported its first earnings as a standalone company and boosted its full-year outlook for operating profit.