GE Aerospace continues to outperform analysts' expectations in services. The pushout in LEAP engine deliveries means airlines will use CFM56 engines more.
GE Aerospace (NYSE: GE) recently reported its Q2 results, with revenues missing but earnings well above the street estimates. The company reported adjusted revenue of $8.2 billion and adjusted earnings of $1.20 per share, compared to the consensus estimates of $8.4 billion and $0.98, respectively.
Aviation services company AAR stands to benefit from a significant growth in the need to service commercial airplanes in the future. The need to replace older aircraft and grow the existing fleet means new airplane production will grow over the long term -- great news for composites company Hexcel.
Earnings season for this year's second quarter is getting into full-swing. As is almost always the case, the quarterly financial results have been a mixed bag.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.