Yahoo Finance published this video item, entitled “GE Q3 earnings posts profit beat, raises guidance on fast-growing aerospace business” – below is their description.
General Electric (GE) reported strong third-quarter earnings and lifted its 2023 outlook, driven by performance in its aviation and energy divisions. GE plans to spin-off these businesses into separate entities in the second quarter of 2024, with CEO Larry Culp Jr. citing “rapid growth” amid high demand.
Yahoo Finance’s Seana Smith and Brad Smith analyze GE’s earnings beat and potential implications for the strength of its aerospace and energy units.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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