GE Aerospace Stock Soars as Q4 Revenue, Profit Blow Past Estimates

Shares of GE Aerospace ( GE ) surged nearly 10% Thursday morning to lead S&P 500 gainers after the company reported fourth-quarter results far above analysts' estimates.

The manufacturer of airplane engines and other parts reported net income of $1.9 billion, or $1.75 per share, on $10.81 billion in revenue. Analysts had expected profit of $1.2 billion, or $1.10 per share, on $10.01 billion in revenue, according to estimates compiled by Visible Alpha.

GE Aerospace's revenue comes largely from two units, commercial engines and services and defense and propulsion. Revenue for the pair came in at $7.65 billion and $2.52 billion, respectively, while analysts had expected $7.39 billion and $2.53 billion.

For the next fiscal year, GE Aerospace projects low-double-digit adjusted revenue growth after rising 10% to $35.1 billion in 2024, along with adjusted earnings per share (EPS) of $5.10 to $5.45, up from $4.60 this year.

GE shares were up more than 9% shortly after markets opened Thursday. They had risen almost 40% entering the day since the separation from GE Vernova ( GEV ) last April.

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