Why GE Aerospace Stock Is Flying Higher Today
GE Aerospace (NYSE: GE) topped Wall Street's expectations for the first quarter Tuesday morning, delivering 11% year-over-year revenue growth. Investors cheered the results, sending shares up by about 5% as of 1:30 p.m. ET.
GE Aerospace manufactures jet engines and aircraft interiors. The company earned $1.48 per share on sales of $9.9 billion in the quarter, surpassing the consensus estimates of $1.27 per share in earnings on $9 billion in sales. Its operating margin increased by 460 basis points to 23.8%, and it generated $1.4 billion in free cash flow.
Management said it does expect that tariffs will impact its business, but is still forecasting that its 2025 revenue will rise by 15% and that its operating profit will be up 35%. In a Securities and Exchange Commission filing accompanying the earnings release, GE said, "we are optimizing operations" in response to tariffs as well as "taking measures to control cost and implementing pricing actions to primarily mitigate the remaining impact."
Source Fool.com
