In an impressive display of financial resilience, GE Aerospace (GE) has surpassed expectations for both earnings and revenue in the first quarter of fiscal 2024. The company’s earnings per share (EPS) reached $0.82, significantly exceeding the consensus estimate of $0.66. Revenue also surpassed expectations, reaching $16.1 billion, which is notably higher than the estimated $15.24 billion.
GE Aerospace has also provided an updated financial guidance for the full year 2024. The company now anticipates an adjusted EPS in the range of $3.80 to $4.05, which is slightly higher than the consensus estimate of $3.94. Furthermore, the company expects operating profit to fall between $6.2 billion and $6.6 billion, a promising increase from its previous forecast range of $6 billion to $6.5 billion.
