General Electric (GE) Tops Q4 EPS by 14c, Beats on Revenue; Offers Guidance
General Electric (NYSE: GE) reported Q4 EPS of $1.03, $0.14 better than the analyst estimate of $0.89. Revenue for the quarter came in at $19.4 billion versus the consensus estimate of $17.16 billion.
For the first quarter of 2024, GE expects to deliver high-single-digit revenue growth, adjusted EPS of $0.60 to $0.65 vs $0.72 estimate.
For the full year, GE's 2024 guidance reflects GE Vernova and GE Aerospace operating independently, incorporating standalone and other costs that each will incur separately. GE Vernova expects to deliver revenue of $34 billion to $35 billion; adjusted EBITDA* margin of mid single digits, toward the higher end of the range; and free cash flow* of $0.7 billion to $1.1 billion. GE Aerospace expects adjusted revenue* to grow low double digits or more, operating profit* of $6.0 billion to $6.5 billion, and free cash flow* of greater than $5 billion.
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