
General Electric Company (GE) is set to unveil its fiscal 2023 fourth-quarter earnings on January 23, projecting a revenue of $17.67 billion and an expected EPS of $0.89. Looking ahead, estimates for the fiscal 2024 first quarter indicate a 9.6% revenue increase to $15.88 billion and a significant 155.1% surge in EPS to $0.69 year-over-year.
Additionally, on January 15, 2024, Kuwait's Ministry of Electricity, Water, and Renewable Energy achieved a significant milestone by completing upgrades to four 9F.03 class gas turbines at the Sabiya Combined Cycle Power Plant, a project spearheaded by a multiyear service agreement between Alghanim International and GE.