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.
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, […]
GE Aerospace reports a robust first quarter with significant growth in revenue, profits, and strategic initiatives including a massive share buyback program.