GE Aerospace Earnings Beat Expectations, Announces Buyback

GE Aerospace reported impressive fourth-quarter results, exceeding Wall Street's expectations with earnings per share (EPS) of $1.32, surpassing consensus estimates of $1.04. The company's revenue reached $10.81 billion, significantly above the projected $9.49 billion, driven by strong demand in its commercial engines and services segment, which grew 19% year-over-year to $7.65 billion, and steady performance in its defense and propulsion technologies segment at $2.52 billion. GE's shares rose sharply, with a premarket increase of up to 7.2%, reaching an 18-year high. Looking forward, GE Aerospace projects continued growth in 2025 with forecasted EPS between $5.10 and $5.45 and free cash flow between $6.3 billion and $6.8 billion. Additionally, the company plans to enhance shareholder value with a $7 billion share buyback and a 30% dividend increase in 2025.