Oct 23 (Reuters) - Power equipment maker GE Vernova ( GEV )

reported higher third-quarter revenue on Wednesday as

strong demand for power and electrification equipment and

services helped offset weakness in the wind business.

The global push for a transition to renewable energy, along

with an anticipated surge in power demand due to mushrooming

data centers, is set to benefit power services firms like GE

Vernova ( GEV ).

The company booked a 28% rise in orders in its power segment

on higher demand for gas power services and equipment, while its

electrification revenue rose 22%.

GE Vernova ( GEV ) reported an 8% rise in overall third-quarter

revenue to $8.9 billion, which came ahead of analysts'

expectations of $8.78 billion, according to data compiled by

LSEG.

Despite the higher revenue, shares fell about 3% premarket

as the company's adjusted core profit fell short of market

expectations, hurt by the wind segment underperformance.

Its adjusted core profit came in at $243 million. Analysts

on average had expectations of about $276 million.

The company's wind business has faced several challenges,

including cost inflation and supply chain issues. It has also

struggled with delays in two major offshore projects due to the

failure of turbine blades.

The wind segment posted a wider core loss, partly due to

additional costs related to those two projects and a 19% decline

in orders due to lower orders from onshore projects outside

North America.

The company reported one fatality during the quarter.