By Dean Seal
GE Aerospace logged higher earnings for the first quarter on revenue gains from its defense businesses and commercial engines and services unit.
The maker of jet engines posted a profit of $2.25 billion, compared with $1.99 billion in the same quarter a year earlier.
Stripping out one-time items, adjusted earnings were $1.49 a share. Analysts polled by FactSet had been expecting $1.27 a share.
Revenue jumped 11% to $9.94 billion, above analyst projections for $9.05 billion, according to FactSet.
The company said its commercial services segment drove up revenue. Total orders were up 12% from a year ago at $12.3 billion.
GE Aerospace is sticking to its guidance for adjusted revenue to rise in the low double-digit percentage range and for adjusted earnings to hit $5.10 to $5.45 a share this year.
The company said it is working to offset the impact of President Trump's tariff campaign by optimizing operations, focusing on costs and raising some prices.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 22, 2025 06:40 ET (10:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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