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Why Did GE Vernova Stock Drop Today?


Shares of GE Vernova (NYSE: GEV) stock, the power generation equipment division spun off from General Electric in 2024, sank 6.2% through 11:22 a.m. ET Wednesday after reporting mixed Q2 earnings this morning.

Analysts forecast GE Vernova would earn $3.04 per share on $10.7 billion in Q2 sales. Instead, GE Vernova reported $2.47 per share in profit (a miss) on sales of $11.1 billion (a beat).

Image source: Getty Images.

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Source Fool.com

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