Copyright Bloomberg
General Electric Co. raised its full-year outlook for a second consecutive quarter as the jet-engine manufacturer cashes in on strong air-travel demand. Adjusted earnings will be $6 to $6.20 a share, up from a prior range of $5.60 to $5.80, the company said in a statement on Tuesday. Analysts had expected $5.92 on average, according to estimates compiled by Bloomberg. GE, which does business as GE Aerospace, also raised its forecasts for adjusted revenue growth to “high-teens” from “mid-teens”, as well as for operating profit and free cash flow.
