GE Vernova raised its full-year revenue forecast on Wednesday after another quarter of booming demand for gas turbines, grid equipment and AI-driven electricity infrastructure.
GE Vernova's stock fell more than 7% after an earnings per share miss. However, analysts suggest that focusing on the strong demand for the company's products is more important than the earnings miss.
GE Vernova Inc.’s shares slid after a higher revenue outlook failed to impress investors, a sign that it’s getting harder for companies that sell equipment to data centers to meet the market’s sky-high hopes.
General Electric Co. raised its full-year outlook and topped Wall Street’s earnings expectations, a sign the world’s largest jet-engine manufacturer is able to sidestep disruptions related to the war in Iran and capitalize on robust travel demand.
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