Why Did GE Vernova Stock Drop Today?
GE Vernova had a great quarter. Investors didn't care.
Overview
Shares of GE Vernova (NYSE: GEV) stock, the power generation equipment division spun off from General Electric in 2024, sank 6.2% through 11:22 a.m. ET Wednesday after reporting mixed Q2 earnings this morning.
Analysts forecast GE Vernova would earn $3.04 per share on $10.7 billion in Q2 sales. Instead, GE Vernova reported $2.47 per share in profit (a miss) on sales of $11.1 billion (a beat).
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.