GE Aerospace shares fell 4% to $299 following its third-quarter results, despite reporting a $2.41 billion profit and beating analyst estimates. The company raised its full-year outlook and its 2026 earnings and revenue projections, even as engine-related costs continued to rise. Although some analysts trimmed their price targets, the stock saw a partial recovery with a 2.2% gain the following day.
Both banks maintained their Overweight ratings while lowering their valuations, as the company raised its annual adjusted earnings per share and operating profit forecasts and reported a 49% increase in quarterly orders.
Read the full storyGE Aerospace stock dropped to $299 following Q3 results as rising engine-related costs overshadowed a $2.41 billion profit and an upgraded full-year guidance.