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MarketBeat
MarketBeat
Chris Markoch

GE Vernova Beats Earnings by 790% as Data Center Demand Explodes

GE Vernova GE Vernova GEV MarketBeat WIND

There’s no sense in hiding the ball. GE Vernova (NYSE: GEV) just delivered a blowout earnings report, sending shares up more than 13% in a single day. The company beat on the top and bottom lines, but it was the bottom line that delivered the most eye-popping results.

Heading into earnings, analysts forecasted adjusted earnings per share (EPS) of $1.95. That would be a 427% year-over-year (YOY) increase, which seemed to already be priced into the stock. GE Vernova didn’t just beat that number; it beat it by over 790%, delivering adjusted EPS of $17.44.

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