GE Vernova Q3 Earnings: Strong Sales, Earnings Miss, Cash Flow Surge & More

GE Vernova Inc. (NYSE:GEV) shares are trading lower in premarket after the company reported mixed third-quarter results.

The company reported revenue growth of 8% year-over-year to $8.913 billion and +10% YoY organically, beating the consensus of $8.783 billion.

“GE Vernova had a solid third quarter, delivering double-digit orders and continued revenue growth with services strength across all segments, significant margin expansion in Power and Electrification, and substantial cash generation,” commented GE Vernova CEO Scott Strazik.

Orders totaling $9.4 billion increased 17% organically, driven by services growth of +28 % organically, with strength across all segments, and equipment growth in Power and Electrification.

Loss per share for the quarter stood at $0.35, ...