US Stock Market Move | Q4 performance exceeds expectations. GE Aviation (GE.US) rose more than 7% in pre-market trading.
On Thursday, GE Aviation (GE.US) rose more than 7% in pre-market trading, reaching $201.60.
On Thursday, GE Aviation (GE.US) surged over 7% in pre-market trading, reaching $201.60. On the news front, the company announced fourth quarter sales of $9.9 billion, operating profit of $1.9 billion, and earnings per share of $1.32. FactSet data shows that Wall Street predicted sales of $9.5 billion, operating profit of $1.7 billion, and earnings of $1.04 per share. The company expects sales to grow by over 10% by 2025, in line with Wall Street estimates. The midpoint of the operating profit forecast is $8 billion, also consistent with expectations. The midpoint of the earnings per share guidance is close to $5.30, with Wall Street estimating a price close to $5.25.
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