GE Aerospace falls as Iran war-driven uncertainty overshadows Q1 earnings beat

General Electric Co

21/04/2026 16:05

Updates

** Shares of aircraft engine maker GE Aerospace GE.N reverse premarket gains and fall 4.6% to $289.66

** Co says it is on track to hit higher end of its 2026 profit forecast, but is bracing for a tougher backdrop of oil prices stemming from the Iran conflict

** Warning comes amid oil-linked pressure on airlines, GE's main customers

** CEO Larry Culp tells Reuters that GE would have raised its forecast if not for the uncertainty around elevated oil prices

** However, co's Q1 adj. EPS of $1.86 beat analysts' estimates of $1.60 - data compiled by LSEG

** Twenty analysts rate stock "buy" or higher, two "hold" and one "sell"; their median PT is $353 - LSEG-compiled data

** Including session's move, GE down about 6% YTD

(Reporting by Purvi Agarwal in Bengaluru)

((Purvi.Agarwal@thomsonreuters.com;))