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GE Vernova Q1 Adjusted Loss Narrows, Revenue Rises; Reaffirms 2024 Revenue Outlook
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GE Vernova Q1 Adjusted Loss Narrows, Revenue Rises; Reaffirms 2024 Revenue Outlook
Apr 25, 2024 5:30 AM

08:04 AM EDT, 04/25/2024 (MT Newswires) -- GE Vernova ( GEV ) reported a Q1 adjusted loss Thursday of $0.41 per share, narrowing from a loss of $1.25 from a year earlier.

Analysts polled by Capital IQ expected a loss of $0.22 per share.

Total revenue for the quarter ended March 31 was $7.26 billion, up from $6.82 billion a year earlier.

Analysts surveyed by Capital IQ expected $7.28 billion.

For 2024, GE Vernova ( GEV ) said it continues to expect revenue in the range of $34 billion to $35 billion. Analysts polled by Capital IQ expect $34.72 billion.

Shares of the company were down 1.8% in recent Thursday premarket activity.

Price: 143.51, Change: -2.67, Percent Change: -1.83

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