General Electric Company (GE.BA)
- Reuters
UPDATE 1-GE Vernova reports wider-than-expected Q1 loss in first post-spinoff results
General Electric's energy spin-off company, GE Vernova, reported a wider-than-expected first-quarter loss on Thursday, as weakness in its wind segment offset demand for natural-gas related equipment and services. GE Vernova, which became an independent company this month following a three-way split of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification. In contrast, the power segment saw higher orders for gas turbines and more demand for gas power services due to outages, leading to a 6% jump in sales.
- Reuters
GE Vernova reports wider-than-expected Q1 loss in first post-spinoff results
General Electric's energy spin-off company, GE Vernova, reported wider-than-expected first-quarter loss on Thursday, as weakness in its wind segment offset demand for natural-gas related equipment and services. GE Vernova, which became an independent company this month following a three-way split of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification. In contrast, the power segment saw higher orders for gas turbines and more demand for gas power services due to outages, leading to a 6% jump in sales.
- Insider Monkey
General Electric Company (NYSE:GE) Q1 2024 Earnings Call Transcript
General Electric Company (NYSE:GE) Q1 2024 Earnings Call Transcript April 23, 2024 General Electric Company misses on earnings expectations. Reported EPS is $ EPS, expectations were $0.67. General Electric Company isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, […]
