Reasons Why You Should Avoid Betting on GE Aerospace (GE)
GE(GE) ZACKS·2024-05-31 01:31
General Electric Company (GE) has failed to impress investors with its recent operational performance due to rising costs and forex woes. These factors are likely to impede GE’s earnings in the quarters ahead.Let’s discuss the factors that might continue taking a toll on this Zacks Rank #4 (Sell) company.Steep Costs: GE Aerospace has been dealing with the adverse impacts of the high cost of sales and operating expenses. In the first quarter, its cost of sales jumped 8.4% year over year to $11.6 billion, whi ...