GE Vernova Swings to Q1 Earnings as Revenue Increases

MT Newswires Live

04-23

GE Vernova (GEV) reported Q1 earnings Wednesday of $0.91 per diluted share, swinging from a $0.47 loss per share a year earlier.

Analysts polled by FactSet expected an EPS of $0.65.

Revenue for the quarter ended March 31 was $8.03 billion, compared with $7.26 billion a year earlier.

Analysts polled by FactSet expected $7.55 billion.

The company reiterated its 2025 revenue outlook of $36 billion to $37 billion. Analysts polled by FactSet expect $36.75 billion.

Shares of GE Vernova were up over 8% in recent premarket activity Wednesday.

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