EVENDALE, Ohio (AP) — EVENDALE, Ohio (AP) — GE Aerospace (GE) on Thursday reported fourth-quarter earnings of $2.54 billion.
The Evendale, Ohio-based company said it had profit of $2.40 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to $1.57 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The industrial conglomerate posted revenue of $12.72 billion in the period. Its adjusted revenue was $11.87 billion, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $11.26 billion.
GE expects full-year earnings in the range of $7.10 to $7.40 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GE at https://www.zacks.com/ap/GE
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