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GE Vernova's Q3 Loss Narrows, Revenue Rises; 2024 Revenue Guidance Reaffirmed
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GE Vernova's Q3 Loss Narrows, Revenue Rises; 2024 Revenue Guidance Reaffirmed
Oct 23, 2024 4:37 AM

07:07 AM EDT, 10/23/2024 (MT Newswires) -- GE Vernova ( GEV ) reported a Q3 loss Wednesday of $0.35 per diluted share, narrowing from a loss of $0.62 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.26 per share.

Total revenue for the quarter ended Sept. 30 was $8.91 billion, up from $8.25 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.76 billion.

For the full-year 2024, the company said it continues to expect revenue towards the higher end of $34 billion to $35 billion. Analysts polled by Capital IQ expect $34.93 billion.

GE Vernova's ( GEV ) shares fell 3% in recent Wednesday premarket activity.

Price: 268.30, Change: -8.12, Percent Change: -2.94

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