GE Aerospace Had a Solid Quarter. Here's Why I Wouldn't Buy the Stock.
It's a brave new world for aerospace propulsion company GE Aerospace (NYSE: GE). After operating as an industrial conglomerate for more than 130 years, growing to become a bellwether, blue chip industrial firm, GE spun off its various core businesses. Since April 2, 2024, the history-steeped GE stock ticker symbol has represented GE Aerospace, a leaner company exclusively focused on civilian and military propulsion systems. Though it has only been a stand-alone company for two quarters now, GE Aerospace is off to a profitable start.
The company reported strong earnings that included across-the-board growth in orders, operating margin and profit, and free cash flow.
Source Fool.com
