GE Aerospace (GE) this morning reported strong third-quarter results, led by a notable 18% increase in orders and a 37% rise in operating profit, driven largely by its services segment. The company also raised its full-year guidance for earnings per share (EPS) and free cash flow, reflecting confidence in continued demand for its aftermarket services.
Despite this positive performance, the company's Q3 revenue growth fell short of analysts’ expectations, sending the stock down 8.3% at last check. Challenges such as supply chain constraints and a projected decline in LEAP engine deliveries have also contributed to investors’ concerns.
