GE Aerospace Shares Fall 3.31% Despite Higher Annual Earnings Outlook
GE Aerospace fell 3.31% to $300.99 in premarket trading on October 20, despite raising its annual earnings outlook. Reuters cited engine maintenance demand as supporting the upgrade.
GE Aerospace (NYSE:GE) was down 3.31% at $300.99 in premarket trading at 8:20 a.m. ET on October 20, despite lifting its annual earnings outlook. Reuters reported that demand for engine maintenance helped support the increase. However, the company’s cash performance remains an area for improvement: quarterly earnings…