GE Stock Rises as Earnings Crush Estimates. It Had Even More Good News.

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Based on how GE stock has performed lately, there are no clouds on the horizon.

Sebastien Bozon/AFP via Getty Images

Second-quarter earnings at

General Electric

needed to be good. They didn’t disappoint.

Every part of the business showed improvement. There isn’t much for investors to nitpick, and as a result, shares are jumping in early trading.

Tuesday morning, GE (ticker: GE) reported adjusted earnings of 68 cents a share from $15.9 billion in sales. Wall Street was looking for earnings of 46 cents from sales of $14.8 billion.

The company reported adjusted per-share earnings of 27 cents from adjusted sales of $13.7 billion in this year’s first quarter and adjusted profit of 61 cents a share from sales of $17.9 billion in the second quarter of 2022.

Sales and earnings are down year over year, but this is the second quarter reported since GE spun off its healthcare operation, now known as

GE HealthCare Technologies

(GEHC), in early January.

All of GE’s businesses made headway. In aerospace, orders rose 37% year over year. Sales rose 28% while profit margins improved. In GE’s gas power business, orders grew 7%. Sales were just about flat, but profits jumped 18% year over year on improving profit margins.

GE’s wind power business still loses money, but it is losing less money. What’s more, new orders came in at a record $8.3 billion, up from $3.1 billion in the second quarter of 2022. Margin on the new orders should be better than for the existing business, CEO Larry Culp tells Barron’s.

The wind business has been tough for years. There are…

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