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BUZZ-GE Aerospace rises on upbeat 2025 profit forecast

ReutersJan 23, 2025 11:25 AM

** GE Aerospace's shares GE.N rise 3.2% to $194.29 premarket

** GE forecast 2025 profit largely above estimates, as a persistent shortage of new aircraft forces airlines to fly older jets, creating strong demand for high-margin aftermarket parts and services

** Sees FY 2025 adj. EPS in range of $5.10-$5.45, compared with analysts' estimates of $5.23, according to LSEG-compiled data

** GE also announced plans to increase its share buybacks to $7 bln in 2025, dividend by 30%

** Posted Q4 adj. EPS of $1.32, beating estimates of $1.04

** Q4 adj. revenue rose 16% from a year ago to $9.88 bln

** In 2024, stock rose 63.9%

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