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GE Vernova: Q1 Earnings Snapshot
- On Wednesday, GE Vernova reported first-quarter net income of $4.75 billion, surpassing Wall Street expectations.
- Analysts surveyed by Zacks Investment Research expected earnings of $1.84 per share; the Cambridge, Massachusetts-based company reported $17.44 per share instead.
- The energy business spun off from General Electric posted revenue of $9.34 billion, exceeding the $9.3 billion consensus estimate from seven analysts surveyed by Zacks.
- Adjusted for non-recurring gains, GE Vernova earnings reached $1.98 per share, more than double the 91 cents reported in the year-ago period.
- GE Vernova projects full-year revenue between $44.5 billion and $45.5 billion, following a March 16 agreement with Hitachi to explore BWRX reactor deployment in Southeast Asia.
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Why GE Vernova Stock Hit an All-Time High Today
Key PointsGE Vernova's orders soared 71% in Q1. There was strength in every business segment. Management increased full-year guidance for revenue, profitability, and free cash flow. 10 stocks we like better than GE Vernova › Business is still humming for GE Vernova (NYSE: GEV), and investors are bidding up shares today. The diversified energy company reported first-quarter earnings today, and shares are up 12.2%, as of 1:10 p.m. ET. GE Vernova s…
·Alexandria, United States
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right1Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 18%
C 73%
Factuality
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