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GE Aerospace Beats Q2 Estimates, Raises Guidance; Stock Falls 4.2% in Pre-Market Trading

GateNews
Stocks
GE-4.02%
According to GE Aerospace, the company posted second-quarter revenue of $13.35 billion, up 31.5% year-over-year and well above analyst expectations of $11.91 billion on Thursday. Adjusted earnings per share reached $2.02, beating estimates of $1.86 by 8.6%, while the company raised full-year adjusted EPS guidance to approximately $7.75 at the midpoint, up 6.9% from prior outlook. Despite these strong results, GE stock fell 4.2% in pre-market trading to $345.10, suggesting investors were locking in gains after recent gains.
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