EVENDALE, Ohio (AP) 鈥� EVENDALE, Ohio (AP) 鈥� GE Aerospace (GE) on Tuesday reported first-quarter net income of $1.9 billion.
The Evendale, Ohio-based company said it had profit of $1.81 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.86 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The industrial conglomerate posted revenue of $12.39 billion in the period. Its adjusted revenue was $11.61 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $10.64 billion.
GE expects full-year earnings in the range of $7.10 to $7.40 per share.
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