Reported 11 months ago
GE Aerospace surpassed earnings expectations for Q3 and raised its profit forecast due to strong demand. Despite this, the stock has retreated, attributed to profit-taking and investors being 'overcharged.' Portfolio manager Tony Bancroft highlights that while the company has a solid backlog and benefits from favorable conditions, production is limited by Boeing's issues and labor strikes. He remains optimistic about GE's long-term prospects but notes dependence on Boeing's union negotiations.
Source: YAHOO