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GE Aerospace Stock News
$300.12
3.59%
NYSE, Oct 20, 02:29 pm EDT.
Market open.
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GE Aerospace (General Electric Co (NYSE:GE)), the aircraft engine maker, raised its full-year 2026 financial guidance after third-quarter orders jumped 49% to $19 billion and adjusted earnings per share increased 36%. The company now expects adjusted revenue growth of about 19-20%, compared with its previous high teens forecast, and operating profit of $10.9 billion to $11 billion, up from $10....
GE Aerospace raised its 2026 profit forecast for the second time this year on Tuesday, supported by strong demand for aircraft engine repairs and spare parts. The company now expects adjusted earnings of $8 to $8.10 per share for the year, up from its previous forecast of $7.65 to $7.85.
The maker of jet engines posted a third-quarter profit from continuing operations of $2.41 billion, or $2.32 a share, compared with $2.17 billion, or $2.04 a share, a year earlier.
GE Aerospace on Tuesday raised its 2026 profit forecast for the second time this year, as demand for aircraft engine repairs and spare parts remained strong despite surging fuel costs that have squeezed airline profits.
Defense stocks have plummeted over the past few weeks as investors grow convinced Dems will emerge victorious in the midterm elections – potentially thwarting President Trump's plans for huge military spending.
GE Aerospace has beaten earnings estimates for three straight quarters, yet its stock has fallen after each report. Investors want reassurance about aftermarket growth.
Earnings season rolls on this week, with reports from businesses ranging from air travel to consumer goods scheduled to be released in the coming days. But tech will take the spotlight.
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