GE Aerospace gains after raising 2026 profit forecast
20/10/2026 11:54
BUZZ-GE Aerospace gains after raising 2026 profit forecast ** Shares of jet-engine maker GE Aerospace GE.N rise nearly 1% to $315 premarket
** Company raises 2026 profit forecast for the second time this year, betting that strong demand for engine maintenance and spare parts will offset the impact of higher fuel costs on flights
** Expects 2026 adjusted profit per share in the range of $8 to $8.10, compared with $7.65 to $7.85 forecast earlier
** Reports Q3 adjusted profit of $2.25 per share, compared with $1.66 per share a year earlier
** As of last close, shares up 1% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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