News Formal

GE stock climbs premarket after posting better-than-expected Q3 earnings and raising guidance

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

General Electric Co.’s stock GE, +0.58% rose 4.4% in premarket trade Tuesday, after the company posted better-than-expected third-quarter earnings and raised its guidance. The company had net income of $84 million, or 8 cents a share, for the quarter, after a loss of $313 million, or 29 cents a share, in the year-earlier period. Adjusted per-share earnings came to 82 cents, well ahead of the 56 cent FactSet consensus. Revenue rose 20% to $17.3 billion, also ahead of the $15.

“At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in Commercial Engines and Services,” Chief Executive Lawrence Culp Jr. said in a statement. “At GE Vernova, our Grid and now Onshore Wind businesses were both profitable this quarter and we expect their performance to continue to improve.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

These stocks can boost your defensive positioning in a jittery market, says NuveenFrances Yue covers the cryptocurrency market for MarketWatch.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »