GE boosts profit outlook, but stock falls as booming order growth cools
GE Aerospace's stock falls after earnings, again, with recently rapid order-book growth slowing.
GE Aerospace's stock falls after earnings, again, with recently rapid order-book growth slowing.
Shares of GE Aerospace were slumping in early Thursday trading after the jet-engine maker and defense contractor raised its full-year profit outlook but showed the rapid order growth it has recently experienced was slowing down.
The raised outlook marked a change for the company, as GE was reluctant to do so three months ago despite a big earnings beat because of uncertainties over fuel prices, and how that would affect air-travel demand amid the Iran conflict.
Intraday Data provided by FACTSET and subject to terms of use . Historical and current end-of-day data provided by FACTSET . All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
Sinergia Empresarial continuará el seguimiento de esta información sobre gE boosts profit outlook, but stock falls as booming order growth cools y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
