GE Aviation once again powered the group's third quarter top and bottom lines, with GE now forecasting full-year free cash low north of $5 billion.
posted better-than-expected third quarter earnings Tuesday, while boosting its full-year profit and free cash flow forecasts, as the industrial group's core aviation division continues to power both its top and bottom lines.
Looking into the final months of the year, GE said it now sees adjusted earnings in the region of $2.55 to $2.65 per share, a 35 cents improvement from the higher end of its prior forecast, with organic sales growth in the 'low teens' range in terms of percentage gain. "GE delivered another quarter of very strong results with double-digit growth in revenue, profit, and cash," said CEO Larry Culp."At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in Commercial Engines and Services. At GE Vernova, our Grid and now Onshore Wind businesses were both profitable this quarter and we expect their performance to continue to improve.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023 Mexican Grand Prix 2023 Odds, Picks, and Predictions: Verstappen Continues to RollFormula 1 2023 Mexican Grand Prix odds, picks, and predictions. F1 betting picks and driver odds at Autodromo Hermanos Rodriguez on Sunday, October 29.
Read more »
Stocks higher on Treasury rebound, Nvidia PC move, Microsoft, General Electric, General Motors earnings -...Stocks higher, Nvidia, Microsoft, General Electric, General Motors
Read more »
GE raises 2023 profit forecast on aviation boomGeneral Electric (GE.N) on Tuesday raised its full-year profit forecast for a third time this year on robust demand for jet engine spare parts and services and improved performance in its renewable business.
Read more »
GE raises 2023 profit forecast yet again on aviation boomGE raises 2023 profit forecast yet again on aviation boom
Read more »
Why The 2023 Rebelle Rally Was A Win For Electric Off-RoadingHybrids and fully electric vehicles had more of a presence at the 2023 Rebelle Rally than ever before, as did renewable power for them.
Read more »
Why The 2023 Rebelle Rally Was A Win For Electric Off-RoadingHybrids and fully electric vehicles had more of a presence at the 2023 Rebelle Rally than ever before, as did renewable power for them.
Read more »