GE Vernova rises on Q1 revenue beat

GE Vernova T&D India

23/04/2025 16:02

Updates

** Shares of U.S.-based power equipment maker GE Vernova GEV.N up 5.7% at $343

** Company posts Q1 revenue of $8 billion, beating analysts' estimate of $7.54 billion - data compiled by LSEG

** Company reaffirms 2025 forecast; tariff impact estimated to be about $300 million to $400 million

** Company reports Q1 orders of $10.2 billion, up 8%, driven by equipment growth in power segment

** GEV reported a 24% increase in Q1 orders to $6.25 billion in the power segment

** Company expects a quarter of annual spending to be impacted by tariffs and steel-related costs

 ** Company says its offshore wind business most exposed to tariffs

** Including session's moves, shares up 6.43% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))