GE: Fourth Quarter Earnings Overview

GE Aerospace Reports Strong Fourth-Quarter Results

Based in Evendale, Ohio, GE Aerospace announced on Thursday that it achieved a net income of $2.54 billion for the fourth quarter.

The company reported earnings of $2.40 per share. After adjusting for one-time items and discontinued operations, adjusted earnings stood at $1.57 per share.

These figures exceeded analysts’ expectations, as the consensus from five analysts polled by Zacks Investment Research had projected earnings of $1.44 per share.

During the quarter, GE Aerospace generated $12.72 billion in revenue. On an adjusted basis, revenue reached $11.87 billion, surpassing the $11.26 billion forecasted by three Zacks analysts.

Looking ahead, GE anticipates its full-year earnings to fall between $7.10 and $7.40 per share.