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U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining more than 200 points on Wednesday.
GE Vernova missed on earnings. But it beat on sales, and even "missed" earnings grew 33% year over year.
GE Vernova (NYSE:GEV) shares dropped about 6.4% on Wednesday morning after the power equipment maker's wind segment losses widened even as the company posted stronger-than-expected quarterly revenue and record orders. The company's wind business, its long-standing trouble spot, reported revenue down 10% to $2.03 billion in the second quarter, with the segment's core loss widening to about $275 million on lower onshore equipment deliveries.
GE Vernova (GEV) is experiencing a notable decline in its stock price despite a robust Q2 earnings report that highlighted the positive impact of increasing gl
The stock declined nearly 5% despite the energy company upgrading its guidance for 2026 revenue by $1 billion.
GE Vernova GEV shares fell about 4% in premarket trading on Wednesday after the energy equipment maker narrowly missed Wall Street's profit expectations. The company also warned that global tariffs could increase its costs by as much as $200 million next year, overshadowing stronger revenue growth and another increase in its full-year outlook.
GE Vernova NYSE: GEV raised its 2026 revenue and free cash flow outlook after reporting sharply higher second-quarter orders, expanded backlog and stronger margins, as management said demand for power generation and grid equipment continues to accelerate globally.
GE Vernova (GEV) came out with quarterly earnings of $2.47 per share, missing the Zacks Consensus Estimate of $3.17 per share. This compares to earnings of $1.86 per share a year ago.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.