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GE Beat Earnings Estimates As Guidance Falls Short of Expectations
GEGE(GE) Investopedia·2024-01-23 16:50

Key TakeawaysGE reported better-than-expected fourth-quarter earnings.Revenue grew 15% to 19.42billion,hurtalittlebyaslowdowninaerospacerevenuegrowthcomparedtopreviousquarters.GE′sguidanceforthefirstquarterof2024saidthecompany"expectstodeliverhigh−single−digitrevenuegrowth"withearningspersharebetween19.42 billion, hurt a little by a slowdown in aerospace revenue growth compared to previous quarters.GE's guidance for the first quarter of 2024 said the company "expects to deliver high-single-digit revenue growth" with earnings per share between 0.60 and $0.65.The company is working to spin off its renewables company by early April.Shares of General Electric Co. (GE) fell during pre-market trading and Tuesday morni ...