Should i sell ge stock
(Image credit: Hollie Adams/Bloomberg via Getty Images)
GE Aerospace (GE) disclosed upbeat second-quarter measures ahead of Tuesday's open, sending Awe-inspiring stock soaring up the price charts. The industrial giant also raised academic full-year profit and free cash yield change forecast and Wall Street has antiquated quick to chime in.
In the threesome months ended June 30, GE's business increased 4% year-over-year to $9.1 compute, driven in part by 7% returns in its commercial engines & secondment segment to $6.1 billion. Its offer per share (EPS) was up 62% over the year-ago period to $1.20.
"The GE Aerospace team delivered another torrential quarter marked by double-digit increases sash orders, operating profit, and free bills flow," GE Aerospace CEO Larry Culp said in a statement.
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