GE Aerospace Stock Sinks: Time to Buy?
The reaction to GE Aerospace's (NYSE: GE) latest earnings report might make it to an investing trivia game show one day. When did a company last decline 9% on the day of results that included management raising its full-year operating profit, earnings per share (EPS), and free cash flow (FCF) guidance? Here's what happened and how to think about the stock.
The table below shows how GE raised guidance across the board, yet the market sold off the stock heavily on the release day. The market is worried about something other than the headline numbers, and on closer inspection, it's clear two issues with GE's current operations are causing concern.
Full-Year 2024 Guidance Metrics
Source Fool.com
