Why GE Aerospace Stock Is Losing Altitude Today
Supply chain constraints and issues at (NYSE: BA) are rippling through to suppliers including GE Aerospace (NYSE: GE), leading GE Aerospace to report quarterly revenue on Tuesday that came in below Wall Street expectations.
Investors are running from the shares despite what was otherwise a solid quarter, with the stock down 8% around 1 p.m. ET.
GE Aerospace is one of the world's largest makers of aircraft engines and other aerospace parts, including electronics and interior systems. The company reported third-quarter earnings of $1.15 per share on revenue of $8.9 billion, beating earnings expectations by a penny but falling short of the consensus $9.4 billion revenue estimate.
Source Fool.com
Boeing Co. Stock
€213.50
-0.020%
Currently there is a rather positive sentiment for Boeing Co. with 50 Buy predictions and 9 Sell predictions.
With a current price of 213.5 € Boeing Co. is right around the predicted target price of 215 €.
