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Update: GE Aerospace Shares Rise After Higher Q1 Adjusted Earnings, Revenue; 2024 Adjusted EPS Outlook Reaffirmed
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Update: GE Aerospace Shares Rise After Higher Q1 Adjusted Earnings, Revenue; 2024 Adjusted EPS Outlook Reaffirmed
Apr 23, 2024 8:42 AM

11:25 AM EDT, 04/23/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline, first paragraph.)

GE Aerospace (GE) shares were up 6.3% in recent Tuesday trading after the company reported Q1 adjusted earnings of $0.82 per share, up from $0.27 a year earlier.

Analysts polled by Capital IQ expected $0.70.

Total revenue for the quarter ended March 31 was $16.05 billion, up from $14.49 billion a year earlier.

Four analysts surveyed by Capital IQ expected $15.70 billion.

For the full-year 2024, the company said it continues to expect adjusted EPS in the range of $3.80 to $4.05. Analysts polled by Capital IQ expect $3.95.

Price: 159.79, Change: +9.60, Percent Change: +6.39

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