Reported 1 day ago
GE Vernova Inc. announced its Q4 2024 results, revealing a revenue increase of 5% year-over-year to $10.559 billion, which fell short of expectations. However, orders surged by 22% to $13.2 billion, driven by rising demand in Power and Electrification sectors. While the company reported earnings of $1.73 per share, missing the consensus estimate of $2.55, it emphasized solid cash generation and margin expansion. Looking ahead, GE Vernova reaffirmed its 2025 revenue outlook between $36 billion and $37 billion.
Source: YAHOO