Stocks closed solidly higher on Thursday for the fourth straight session as investor optimism about the Trump administration continues to run high.
Engine, services and defense revenues all climbed. GE Aero also is hiking its dividend and set a stock buyback.
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year.
The S&P 500 gained 0.5% on Thursday, Jan. 23, reaching a record close as President Donald Trump pressed for lower oil prices ...
Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement ...
CEO Larry Culp is intent on returning cash to stockholders, but he prefers more share repurchases at the expense of direct payouts.
GE Aerospace blew past Wall Street’s expectations for fourth-quarter and full-year 2024 earnings, and it issued better financial guidance for 2025 than what most financial analysts were forecasting.
GE Aerospace posts strong Q3 results, announces $7B stock buyback; shares soar. American Airlines expects a significant Q4 loss; EA cuts 2025 net bookings guidance.
Goldman Sachs analyst Noah Poponak positive on GE Aerospace's Q4 earnings, expects growth in FY25. Stock rated Buy with price target of $204.
Material shortages and other supply chain problems held back GE Aerospace's engine production last year, with the company delivering 10% fewer CFM International Leap turbofans than it did in 2023.
GE Aerospace appears well on its way to accomplishing a goal it set during its launch as a standalone company last year.