Why GE Aerospace Is Losing Altitude Today
GEGE(GE) The Motley Fool·2024-06-14 00:50

One analyst is worried the company's quarterly sales could fall short. A prominent Wall Street analyst has some doubts about GE Aerospace's (GE -3.47%) current quarter, and investors are taking note. Shares of GE Aerospace traded down 4% as of 11:30 Eastern after JPMorgan Chase cut its second-quarter sales estimate to an analyst-low $8.4 billion. Supply chain chaos could eat into deliveries GE Aerospace is the last remaining part of the one-time industrial conglomerate now that the healthcare and energy ass ...