"GE Exceeds Earnings Expectations Despite Forecast Adjustment Prior to Split"

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Source: Yahoo Finance
"GE Exceeds Earnings Expectations Despite Forecast Adjustment Prior to Split"
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TL;DR Summary

General Electric (GE) surpasses fourth-quarter 2023 earnings estimates but softens its forecast ahead of the split into GE Vernova and GE Aerospace in the first half of 2024, causing its stock to dip in pre-market trading. The company's revenue of $18.5 billion exceeded expectations, and adjusted EPS also outperformed. GE's upcoming investor day in March will provide more insight into the outlooks of the two new companies following CEO Larry Culp's transformation efforts.

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