posted better-than-expected third quarter earnings Tuesday, while boosting its full-year profit and free cash flow forecasts, as the industrial group's core aviation division continues to power both its top and bottom lines.
Looking into the final months of the year, GE said it now sees adjusted earnings in the region of $2.55 to $2.65 per share, a 35 cents improvement from the higher end of its prior forecast, with organic sales growth in the 'low teens' range in terms of percentage gain. "GE delivered another quarter of very strong results with double-digit growth in revenue, profit, and cash," said CEO Larry Culp."At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in Commercial Engines and Services. At GE Vernova, our Grid and now Onshore Wind businesses were both profitable this quarter and we expect their performance to continue to improve.
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