Movement Alert｜GE Vernova Inc. Intraday Rise 3.07% in Regular Trading, earnings beat and raised revenue outlook continued to support shares

Market Focus10-29

On October 29, GE Vernova Inc. rose 3.07% in Regular Trading, trading at $910.88/share, with turnover of $768 million.

The move followed continued digestion of the company’s stronger-than-expected quarterly results and higher full-year revenue outlook, even as investors also weighed its planned acquisition of Trench Group.

GE Vernova Inc. reported third-quarter EPS of $4.81, above the $4.03 consensus, on sales of $12.642 billion versus expectations of $11.991 billion. The company also lifted its revenue guidance to $46.5 billion-$47.5 billion, above the $46.33 billion market estimate. In parallel, it announced a roughly $9 billion acquisition of high-voltage grid equipment maker Trench Group, funded about half with cash and half with debt, a deal intended to strengthen its grid equipment and electrification footprint.

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