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GE raises full-year adjusted EPS forecast to $8.00-$8.10

General Electric raised its full-year adjusted earnings per share guidance to $8.00-$8.10 from a prior $7.65-$7.85, above the $7.92 market estimate. The company also lifted its adjusted free cash flow outlook to $9.1B-$9.4B and adjusted operating profit to $10.9B-$11.0B. Third-quarter adjusted EPS came in at $2.25 versus $1.66 a year earlier, beating the $2.01 estimate, on adjusted revenue of $13.29B, up 18% year over year.

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AI take

The guidance raise matters less for its size than for its breadth: EPS, free cash flow and operating profit were all lifted together, which points to underlying demand strength rather than a one-off gain. The Q3 beat on both earnings and revenue suggests the momentum is already in the results, not just the outlook. For markets watching industrial and aerospace earnings as a read on capital spending, GE's numbers carry weight beyond the company itself. Whether the revised ranges hold through the rest of the year, and whether peers show similar cash-flow improvement, is the open question.

Generated by AI for reference only.

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