GE Aerospace (GE), also known as General Electric, has reported fourth-quarter financial results that beat Wall Street forecasts across the board.
The Boston-based company that primarily makes aircraft engines announced earnings per share (EPS) of $1.32 U.S., which beat the $1.04 U.S. that was expected among analysts.
Revenue in the final quarter of last year totaled $9.90 billion U.S., which was ahead of the $9.50 billion U.S. that was forecast on Wall Street.
Management at GE Aerospace attributed the strong quarter to rising orders and an increase in overall production.
The commercial aerospace industry is on an upswing globally after years of underproduction.
Looking ahead to this year, GE Aerospace said that it is confident it can produce all the engines and parts required to meet rising production demand.
For 2025, GE Aerospace said that it expects to grow sales by more than 10%, in line with Wall Street estimates.
The midpoint of 2025 operating profit guidance is $8 billion U.S., which aligns with analyst estimates. And the midpoint of earnings guidance is $5.30 U.S., ahead of Wall Street estimates of $5.25 U.S.
The stock of GE Aerospace has gained 81% over the last 12 months to trade at $188.36 U.S. per share.
