GE shares fall as first-quarter outlook disappoints
GEGE(GE) Fox Business·2024-01-23 22:11

General Electric Co shares fell on Tuesday after the company flagged a lower-than-expected profit in the current quarter after fourth-quarter earnings topped forecasts on strong demand for parts and services at its jet engine business. The Boston, Massachusetts-based company expects an adjusted profit of 60-65 cents a share in the quarter through March compared with 72 cents a share expected by analysts in a LSEG survey. General Electric's shares were down about 4% in pre-market trade. GENERAL ELECTRIC CO. ...