GE: raises 2023 forecasts as sales rise

(CercleFinance.com) - GE has reported adjusted sales of $16.
5bn for Q3, up 18% y-o-y organically.

GE reported a 760-bp organic increase in its adjusted profit margin, to 9.8%.

On this basis, adjusted EPS was $0.82, up $0.99 relative to Q3 2022 (-$0.17).

GE delivered another strong quarter of double-digit growth in sales, earnings and cash, it said.

Against this backdrop, GE is raising its guidance for 2023 - it is now targeting adjusted EPS of $2.55 to $2.65 (compared with the previous estimate of between $2.1 and $2.3), as well as FCF of between $4.7bn and $5.1bn (compared with the previous estimate of between $4.1bn and $4.6bn).


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