GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.

Shares of industrial and transportation companies rose after strong earnings. GE Aerospace soared after the maker of plane engines, formerly known as General Electric, posted fourth-quarter earnings ahead of Wall Street targets and boosted its dividend.

GE Aerospace on Thursday forecast a stronger full-year profit as demand for its high-margin parts and services got a boost from airlines flying older jets to sidestep a persistent

GE Aerospace shares are trading higher by 1.6% during Tuesday's session. Shares are rising following the release of softer-than-expected producer inflation data for December. GE Aerospace GE ...

Bernstein analyst Douglas Harned maintained a Buy rating on GE Aerospace (GE – Research Report) yesterday and set a price target of $209.00. Douglas Harned has given his Buy rating due to a ...

A $9 million JobsOhio grant will help GE Aerospace advance its next-generation propulsion systems for commercial aircraft, the company said. The money will go toward new test equipment at the ...

DBS analyst Jason Sum maintained a Buy rating on GE Aerospace (GE – Research Report) today and set a price target of $200.00. Jason Sum’s rating is based on GE Aerospace’s strong financial ...

GE Aerospace is significantly overvalued, with a trailing P/E ratio of 40x and stretched fundamental comparisons vs. peers. Overly optimistic Wall Street growth forecasts and potential economic ...

General Electric Co. exceeded Wall Street expectations for profit and sales in the final months of the year as the jet engine maker worked through supply-chain limitations and capitalized on a strong maintenance backlog.