General Electric is a multinational conglomerate known for its diversified industrial operations, encompassing segments such as aviation, healthcare, power, and renewable energy
The company designs and manufactures a wide array of innovative technologies and solutions, including jet engines, medical imaging equipment, and energy-efficient systems. With a strong focus on research and development, General Electric aims to drive advancements in efficiency and sustainability across multiple sectors. Additionally, GE provides comprehensive services and support to its global customers, helping them optimize their operations and improve overall productivity.
IBM has fallen out of its Tech leadership role over the years. 25 years ago it ranked as the seventh largest stock in the S&P 500, but today it is only the 40th largest.
Industrial products distributor Applied Industrial (NYSEAIT) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
Shares of industrial conglomerate GE Aerospace (NYSEGE)
jumped 9.4% in the pre-market session after the company reported strong fourth-quarter results, which blew past analysts' revenue estimates amid improved demand for spare parts, commercial engines, and services. Growth accelerated during the quarter as orders rose by 46% compared to the previous year. The improved demand and pricing enabled the company to grow its cash flow and report earnings ahead of analysts' expectations.
On an adjusted basis, the company reported earnings of $1.32 per share for the fourth quarter, beating the average analysts’ estimate of $1.04 per share, as per FinChat data.
In this environment, one potential scenario for investors involves a consistent push by the new administration toward lower corporate taxes and stronger infrastructure spending.
Industrial conglomerate General Electric (NYSEGE) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 27.2% year on year to $10.81 billion. Its non-GAAP profit of $1.32 per share was 26.9% above analysts’ consensus estimates.
Wall Street traded slightly higher during midday Thursday as investors assessed the ongoing earnings season while closely monitoring policy signals from President Donald Trump.
