GE Aerospace Stock Surges 8.60% in Two Days Despite 51st Ranking in Trading Volume

Generated by AI AgentAinvest Market Brief
Wednesday, Apr 23, 2025 7:57 pm ET1min read

On April 23, 2025,

(GE) saw a trading volume of $1.406 billion, a 42.35% decrease from the previous day, ranking 51st in the day's stock market activity. GE Aerospace's stock price rose by 2.38%, marking the second consecutive day of gains, with a total increase of 8.60% over the past two days.

GE Aerospace reported strong first-quarter results, exceeding market expectations. The company's profit increased by 38% and earnings per share (EPS) rose by 60% compared to the previous year. Operating profit reached $2.1 billion, driven by an 11% year-over-year increase in revenue to $9.94 billion. The company's adjusted EPS for the three-month period ended March 31 was $1.49, with adjusted revenue of $9.935 billion.

GE Aerospace's positive performance has led to an upbeat outlook for the year, with the company working to offset the impacts of tariffs. UBS analyst Gavin

raised the price target on GE Aerospace stock to $216, maintaining a buy rating following the robust financial report.

Comments



Add a public comment...
No comments

No comments yet