GE Vernova GAAP EPS of $4.65, revenue of $8.2B misses by $60M

GE Vernova Press Release (NYSE: GEV): GAAP EPS for Q2 was $4.65.

Revenue of 8.2 billion dollars (up 1.1% from the previous year) falls short of the estimate of 60 million dollars.

The total order amount of 11.8 billion dollars exceeds revenue by 1.4 times.

GE Vernova has raised financial guidance for 2024, and expects revenue to rise from 34 billion dollars to the upper limit of 35 billion dollars, and the adjusted EBITDA margin* from 5% to 7% from the upper limit of the mid-single-digit range. Furthermore, GE Vernova expects free cash flow* to rise from 0.7 billion dollars to 1.1 billion dollars from 1.3 billion dollars to 1.7 billion dollars.