General Electric (GE.US) shares are gaining nearly 4.5% in pre-market trading following the release of better-than-expected results and optimistic full-year forecasts. Additionally, the company's management has recommended a $15 billion share buyback.
Q1 Results:
- Adjusted EPS: $0.82 (Estimate: $0.65)
- Adjusted EPS: Adjusted Revenue: $15.2 billion (Estimate: $15.04 billion)
- GE Aerospace segment profit: $1.5 billion (Estimate: $1.42 billion)
- PS from continuing operations: $1.38
- Adjusted free cash flow: $900 million
Raised FY'24 Guidance:
- Adjusted EPS: $3.80 to $4.05 (Estimate: $3.76)
- Operating Profit: $6.2 billion to $6.6 billion (Previously: $6.0 billion to $6.5 billion)
- Expected Revenue Growth: Low double digits
- Free Cash Flow: >$5.0 billion
- Plans for $15 billion share buyback
Q1 Segment Performance:
- Aerospace Revenue: $8.1 billion, up 15% YoY
- Power Revenue: $4.1 billion, up from $3.8 billion YoY
- Renewable Energy Revenue: $3.0 billion, up from $2.8 billion YoY
Current estimated opening price of the company's stock after the quarterly earnings release. Source: xStation.
Trump tariff threat to China sends shockwaves through financial markets
Applied Digital accelerates growth. Shares rise by nearly 20%.
DAX: DE40 tries to hold the momentum 📈Brenntag and ArcelorMittal under pressure
Gold retreats from highs, as key questions need answering
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
