News Formal

Boeing's problems are good for GE Aerospace: Analyst explains

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 46 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

GE Aerospace News

John Eade,Quarterly Results,Revenue Estimates

GE Aerospace (GE) has reported its first quarterly results since becoming an independent company after its spin-off from General Electric. The aerospace...

from General Electric. The aerospace developer raised its 2024 profit forecast, buoyed by strong sales for jet engine parts and services. GE Aerospace shares are boosted in Tuesday's trading session after topping first-quarter earnings and revenue estimates.

Eade describes the current period as"a good time right now for GE Aerospace" citing multiple tailwinds in the aviation industry — namely Boeing's , Eade mentions that the aerospace manufacturer and defense contractor lacks"commercial exposure" and cannot grow as rapidly as GE Aerospace"despite the good news out of Washington" surroundingBuy 3,000 Shares of This Super Dividend Stock For $3,300/Year in Passive...

NEW YORK -Former President Donald Trump agreed on Monday to additional restrictions on the $175 million bond in the former U.S. president's New York civil fraud case, resolving concerns by the state attorney general that the funds were not secure. The bond issued by Knight Specialty Insurance is meant to secure Trump's compliance with a $454.2 million judgment won by state Attorney General Letitia James if he does not succeed in an appeal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing's company culture challenges go beyond safety: AnalystA Senate subcommittee is set to hold a hearing next week to examine Boeing's (BA) safety culture. This comes after airlines reported numerous safety...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Boeing impact to United's Q1 profit was 'limited': AnalystUnited Airlines (UAL) managed to top first-quarter earnings estimates on both the top and bottom lines even after accounting for a $200 million hit to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Aerospace parts manufacturer Loar Holdings files for US IPOLoar, which specializes in the design, manufacture and sale of niche components essential for aircraft, had acquired a slew of companies including AGC, CAV...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »