Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
General Electric Co.’s stock GE, +0.58% rose 4.4% in premarket trade Tuesday, after the company posted better-than-expected third-quarter earnings and raised its guidance. The company had net income of $84 million, or 8 cents a share, for the quarter, after a loss of $313 million, or 29 cents a share, in the year-earlier period. Adjusted per-share earnings came to 82 cents, well ahead of the 56 cent FactSet consensus. Revenue rose 20% to $17.3 billion, also ahead of the $15.
“At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in Commercial Engines and Services,” Chief Executive Lawrence Culp Jr. said in a statement. “At GE Vernova, our Grid and now Onshore Wind businesses were both profitable this quarter and we expect their performance to continue to improve.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Naomi Osaka says she had to fight the thought she 'won't be a good mom'The 26-year-old welcomed her first child, a daughter, earlier this year.
Leer más »
Brent oil ends below $90 a barrel as traders monitor efforts to contain Israel-Hamas warIsabel Wang is a Markets Reporter for MarketWatch.
Leer más »
These stocks can boost your defensive positioning in a jittery market, says NuveenFrances Yue covers the cryptocurrency market for MarketWatch.
Leer más »
Why Bill Gross expects a U.S. recession to begin by year's endJoseph Adinolfi is a markets reporter at MarketWatch.
Leer más »
Bitcoin rallies to almost 18-month high on ETF optimismFrances Yue covers the cryptocurrency market for MarketWatch.
Leer más »
U.S. stock futures tumble as 10-year Treasury yield tops 5%Barbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
Leer más »