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General Electric (GE) Q4 Earnings Top Estimates, Costs Rise Y/Y
GEGE(GE) Zacks Investment Research·2024-01-23 20:06

General Electric Company (GE) reported fourth-quarter 2023 adjusted earnings of 1.03pershare,whichbeattheZacksConsensusEstimateofadjustedearningsof90centspershare.However,thebottomlinedecreased16.91.03 per share, which beat the Zacks Consensus Estimate of adjusted earnings of 90 cents per share. However, the bottom line decreased 16.9% year over year.Total segment revenues of 18,518 million beat the consensus estimate of $17,767 million. The top line increased 15.3% year over year.Segmental DiscussionGE started reporting its revenues under two segments, effective from the first quarter of 2023, namely GE Aerospace and G ...