BUZZ-GE Aerospace rises on upbeat 2025 profit forecast

Updates

** GE Aerospace's shares GE.N up 7.8% at $203.64 in morning trading

** GE forecast 2025 profit largely above estimates, as 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' average estimate of $5.23, according to LSEG-compiled data

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

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

** Reports Q4 adj. revenue of $9.88 bln, above estimates of $9.51 bln

** Stock was up 63.9% in 2024