GE Aerospace forecasts upbeat 2025 profit on strong demand for parts, services
Published On Jan 23, 2025, 7:44 AM
GE Aerospace has projected a stronger profit for 2025, driven by increasing demand for its parts and services due to ongoing shortages of new aircraft. The company's recent financial performance surpassed analyst expectations, with highlights including a 44% profit increase in the commercial engines and services segment. GE Aerospace anticipates a profit of $5.10 to $5.45 per share for 2025, slightly below the average analyst prediction of $5.23. They also announced a significant share buyback plan and a dividend increase.
Stock Forecasts
GE
Positive
With strong demand for aircraft parts and services and the planned increase in share buybacks and dividends, GE Aerospace appears to be on a solid growth trajectory. The challenges in production and supply chain may pose some risks, but the overall demand outlook remains positive.
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