General Electric To Spin-Off Vernova Unit In April 2024

(Photo credit should read STAN HONDA/AFP via Getty Images)AFP via Getty ImagesOn January 23, 2024, General Electric GE (NYSE: GE, $131.10, Market Capitalization:$142.69 billion) reported solid 4Q23 results, with a beat on revenues and EPS versus consensus. The company plans to file Form 10 by mid-February 2024 and expects to complete the GE Vernova spin-off in April 2024. Revenue increased 15.4% YoY organically, with all segments up double digits. Adjusted operating profit was up 20%, driven by volume and ...