Huge News for GE Aerospace Investors (and Why It's Already Boosting Earnings)

In GE Aerospace's (NYSE: GE) latest earnings report, management raised its full-year guidance for revenue, earnings, and free cash flow. While that's great news in itself, the reasons behind the hike in expectations are what should excite both shareholders and the aerospace industry. Here's why.First, here's a look at the progression of GE Aerospace's headline guidance through the year. It's an impressive development, and primarily driven by its commercial engines and services (CES) segment. However, there's been a slight improvement in the other segment, defense and propulsion technologies (DPT), as well: Management started the year expecting DPT operating profit of between $1.1 billion and $1.3 billion, but has since upgraded it to a range of $1.2 billion to $1.3 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool