GE Vernova rises on Q1 revenue beat

ReutersApr 23, 2025 11:01 AM

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Shares of U.S.-based power equipment maker GE Vernova GEV.N up 8.2% at $353 premarket

Company posts Q1 revenue of $8 billion, beating analysts' estimate of $7.54 billion - data compiled by LSEG

Company reaffirms 2025 forecast; tariff impact estimated to be about $300 million to $400 million

Company reported Q1 orders of $10.2 billion, up by 8%, driven by equipment growth in power segment

GEV reported a 24% increase in Q1 orders to $6.25 billion in the power segment

As of last close, shares are down 0.87% YTD

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