Overview
- GE Aerospace reported second-quarter profit of $2.39 billion, or $1.87 per share, compared with $1.45 billion, or $1.20 a year ago.
- Its commercial engines and services segment revenue climbed 30% to $7.99 billion while operating profit rose 33% to $2.23 billion.
- Full-year adjusted earnings per share guidance was lifted to $5.60–$5.80 from a prior range of $5.10–$5.45.
- The company now projects 2025 revenue growth in the mid-teens percentage range, up from its previous low-double-digit outlook.
- Shares have rallied about 60% year to date and analysts unanimously rate the stock a buy with average price targets near $270.