GE Aerospace Stock Soars After Beating Expectations in Earnings Report

  • GE Aerospace (GE) gains 6.76% today, currently trading above $201.02.
  • The company posted revenue of $9.88 billion, above analyst projections.

GE Aerospace (GE) stock set a daily low at 198.10, finding aggressive buyers that drove the stock price to a new all-time high at $207.65. Currently, GE is trading at $201.00, up 6.76% on the day.

GE Aerospace shares rise after increasing its revenue projections for 2025

The American company focused on the design and manufacturing of aircraft, GE Aerospace (GE), rose 6.76% on Thursday after an excellent financial report. GE achieved revenue of $9.88 billion, exceeding the $9.57 billion projected by the market. Likewise, it reported earnings per share of $1.32, above the $1.05 estimated by the analyst consensus.

GE Aerospace announced a $7 billion share buyback program, as well as increasing its dividend by 30% during 2025.

GE Aerospace Technical Levels

GE stock reacted higher on short-term support given by the January 13 low at $169.00. We observe the next key support at 159.61, the pivot point of December 18, 2024. We falsely project a profit taking at 240.00, a closed number that converges with the 161.8% Fibonacci extension.

GE 2-hour chart

Source: Fx Street

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