General Electric's Aerospace division's 3Q revenue of $8.9B missed estimates, leading to an 8% stock drop.

General Electric's Aerospace division reported third-quarter revenue of $8.9 billion, missing the $9.4 billion estimate, leading to an 8% drop in stock price. While earnings of $1.15 per share exceeded expectations and the commercial engine segment grew 8% year-over-year, supply chain issues at Boeing affected results. Despite challenges, GE raised its full-year 2024 earnings guidance and continues to repurchase shares, presenting a potential buying opportunity for investors.

October 22, 2024
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