BUZZ-GE Vernova falls as company misses core-profit estimates

GE Vernova Inc.

GE Vernova Inc.

GEV

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Updates

** Shares of power equipment maker GE Vernova GEV.N reverse course, down 8.3% at $989.8 premarket

** GEV narrowly misses estimates for second-quarter core profit

** Reports adjusted core earnings of $1.25 billion for the quarter, missing analysts' estimates of $1.28 billion, according to LSEG data

** Revenue from the wind segment fell 10% to $2.03 billion because of lower onshore wind equipment deliveries, while its core loss widened to about $275 million.

** Expects global tariffs to increase its costs by about $100 million to $200 million in 2026

** Raises 2026 revenue forecast to range of $45.5 billion to $46.5 billion, compared with its prior view of $44.5 billion to $45.5 billion

** As of last close, GEV up 65% YTD


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