Shares of General Electric Co. GE rallied 2.6% toward a near two-year high in premarket trading Thursday, after the aerospace, power and renewable energy company affirmed its full-year guidance at its investor conference. The company said it expects 2023 adjusted earnings per share of $1.60 to $2.00, organic revenue growth in the high-single-digit percentage range and free cash flow of $3.4 billion to $4.
completed its separation from GE on Jan. 3, while GE Aerospace and GE Vernova... Shares of General Electric Co. GE rallied 2.6% toward a near two-year high in premarket trading Thursday, after the aerospace, power and renewable energy company affirmed its full-year guidance at its investor conference. The company said it expects 2023 adjusted earnings per share of $1.60 to $2.00, organic revenue growth in the high-single-digit percentage range and free cash flow of $3.4 billion to $4.
completed its separation from GE on Jan. 3, while GE Aerospace and GE Vernova are expected to become independent in early 2024. “The future is bright at GE,” said Chief Executive Larry Culp. “We are operating from a stronger foundation and as a fundamentally simpler business that is creating significant value today and going forward.” The stock was on track to open at the highest price seen during regular-session hours since June 3, 2021. It has soared 36.