B · Normal
[GE Vernova raised its full-year revenue and free cash flow guidance, with third-quarter revenue of $12.64 billion] On October 28, GE Vernova’s third-quarter revenue was $12.64 billion and earnings per share were $4.81, both higher than market expectations of $11.99 billion and $3.97. The company expects full-year revenue of US$46.5 billion to US$47.5 billion, higher than previous guidance and market expectations of US$46.24 billion; it expects full-year free cash flow to be US$16 billion to US$17 billion. In the third quarter, the company's order backlog increased by US$20 billion from the previous quarter to US$197 billion, and is expected to exceed US$200 billion in the fourth quarter. In addition, the company increased its stock repurchase authorization limit to $20 billion in October.
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