BUZZ-GE Aerospace rises on upbeat 2025 profit forecast
ReutersJan 23, 2025 3:33 PM
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
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