GE Stock Recent News

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.

GE Electric Company (NYSE:GE ) Q1 2024 Earnings Conference Call April 23, 2024 7:30 AM ET Company Participants Steve Winoker – Vice President-Investor Relations Larry Culp – Chairman and Chief Executive Officer Rahul Ghai – Chief Financial Officer Conference Call Participants David Strauss – Barclays Ron Epstein – Bank of America Sheila Kahyaoglu – Jefferies Myles Walton – Wolfe Research Robert Stallard – Vertical Research Seth Seifman – JPMorgan Ken Herbert – RBC Capital Markets Gautam Khanna – TD Cowen Scott Deuschle – Deutsche Bank Robert Spingarn – Melius Research Noah Poponak – Goldman Sachs Matt Akers – Wells Fargo Jason Gursky – Citi Operator Good day, ladies and gentlemen, and welcome to the GE Aerospace First Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.

GE Aerospace (NYSE:GE) reported strong first quarter results and raised its full-year profit guidance, sending shares of the company higher on Tuesday morning. The company's results, which included the operations of GE Vernova before its spinoff in April, brought in revenue of $16.1 billion in Q1, up 11% year-over-year and above estimates of $15.7 billion.

GE Aerospace reported a top- and bottom-line beat thanks to the strength of its newly independent aviation business. The company should benefit from industry tailwinds in the quarters to come, setting GE Aerospace up to outperform.

GE Aerospace (GE) is set to post its results for the first time next Tuesday as a stand-alone firm since it was spun off from conglomerate General Electric early this month.

There's plenty out there that could potentially drive a broad market pullback, but there are also plenty of individual stocks due for a pullback. Irrespective how the market performs from here, these types of stocks may be in for considerable declines in price.

Tax refunds are landing in bank accounts and mailboxes across America, giving people some extra money to play with. As of the federal income tax deadline of April 15, the Internal Revenue Service (IRS) has issued $201 billion worth of tax refunds.

GE Vernova is expected to turn profitable this year and benefit from growing electricity demand.