2024-01-24 08:30:00 ET
Summary
- General Electric reported positive financial results for Q4 2023, with revenue up 15.4% and profits exceeding expectations.
- GE Aerospace, the company's growth engine, saw revenue and profits increase, driven by the recovering aviation sector.
- The spinoff of GE Vernova in April 2024 is expected to bring additional upside potential for the company.
These are most certainly interesting times for shareholders of industrial conglomerate General Electric ( GE ). On January 23rd, the management team at the business announced financial results covering the final quarter of the 2023 fiscal year. Some data came in positive, while other results were disappointing. But on the whole, the company demonstrated its quality at a time when achieving financial results that are impressive is not exactly the easiest thing on the planet....
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General Electric's Ascent Hasn't Stopped Just Yet