GE Aerospace Posts Better-Than-Expected Earnings and Boosts Its Outlook

GE Aerospace (GE) raised its full-year outlook and reported better second-quarter results than analysts had expected.

The former General Electric division said it now expects adjusted revenue to grow in the mid-teens range this year, from low double digits previously, while adjusted EPS is projected from $5.60 to $5.80. GE Aerospace also lifted some long-term targets like revenue and profitability expectations for 2028.

The company reported a 21% jump in second-quarter revenue from the same time a year ago to $11.02 billion, while adjusted earnings per share came in at $1.66. Both were better than analysts had anticipated, per estimates from Visible Alpha.

Revenue in the second quarter jumped 30% in GE Aerospace’s commercial engines and services segment, as the company credited solid demand for new engines and spare parts and repairs to older engines.

Shares fell about 2% Thursday, giving up early gains following the release. They’ve added nearly 60% since the start of the year.

This article has been updated since it was first published to reflect more recent share price values.