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GE Aerospace (GE), based in Evendale, Ohio, is a global leader in aerospace propulsion and services. Valued at a market cap of $203.9 billion, the company designs and manufactures commercial and defense aircraft engines, integrated engine components, and mechanical systems while also offering aftermarket services. GE Aerospace is set to announce its fiscal third-quarter earnings for 2024 on Tuesday, Oct. 22.
Ahead of the event, analysts expect GE to report a profit of $1.12 per share on a diluted basis, up 36.6% from $0.82 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Despite persistent supply constraints, its EPS of $1.20 exceeded the consensus estimate by 23.7% in the recent quarter.