General Electric ‘s (NYSE:GE) shares saw a significant uptick following the company’s Q3 results which exceeded expectations, largely due to robust demand in commercial engines and services. The surge in share price positioned GE as the S&P 500’s second-best performer in premarket trading today.
The company reported a year-on-year increase in net income from $88 million to $258 million. Adjusted earnings per share reached 82 cents, surpassing the FactSet consensus. Revenue grew by 19.9% to reach $17.35 billion, with significant contributions from GE Aerospace and GE Vernova which reported revenues of $8.41 billion and $8.13 billion respectively. According to InvestingPro data, GE’s revenue growth for the last twelve months is 23.24%, indicating a continued acceleration in its revenue growth.
Total orders for the quarter increased by 19% to $17.9 billion, and free cash flow…
