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Axiom Investors buys shares of GE Vernova, despite the company missing earnings estimates.
Axiom Investors LLC DE has bought 374,417 shares of GE Vernova Inc., while other firms like Meridian Investment Counsel Inc. and D L Carlson Investment Group Inc. have sold some shares.
GE Vernova, with a market cap of $83.52 billion, reported earnings per share of $1.73 for the fourth quarter, missing analyst estimates by $0.57.
The company operates in three segments: Power, Wind, and Electrification, and its revenue rose 5.1% year-over-year to $10.56 billion.
Analysts forecast the company to post earnings of $6.59 per share for the current year.
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