GE Aerospace shares fall 2.1% despite beating Q3 estimates
GE GE Aerospace
$295.88 -1.33%
View chart & analysis → - 1GE Aerospace shares fell 2.1% by 11 a.m. ET Tuesday following its third-quarter earnings release.
- 2GE Aerospace reported third-quarter actual earnings per share of $2.25 and actual revenue of approximately $13.3 billion adjusted for one-time items.
- 3Management updated its guidance to expect revenue growth of at least 19% by the end of this year.
So what's the key point?
GE Aerospace reported $13.3 billion in revenue for the third quarter, but its stock price fell 2.1%. Management stated that revenue is expected to grow by at least 19% by the end of this year.
Source The Motley Fool +1 · View original ↗
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