GE Vernova (GEV) shares fell Wednesday morning after the energy company reported an unexpected loss, its 澳洲幸运5开奖号码历史查询:second time in three quarters as a 澳洲幸运5开奖号码历史查询:standalone company that it has posted an unprofitable period.

The former division of General Electric reported $8.91 billion in third-quarter revenue, about $10 million shy of 澳洲幸运5开奖号码历史查询:analysts' estimates, along with a $99 million net loss, smaller than the one it reported as part of the conglomerate last year but well below the $134.5 million profit expected, per Visible Alpha.

Offshore Wind Contract Losses Offset Margin Growth 🅺in Other Segments

GE Vernova said its margins improved in its power and electrification se🏅gments, but that growth was offset by contract losses in its offshore wind business.

The company affirmed its 澳洲幸运5开奖号码历史查询:full-year outlook after lifting it in the second quarter, expecting revenue toward the higher end of the $34 billion to $35 billion range, and 澳洲幸运5开奖号码历史查询:continues to say its win⭕d segment should be "approaching profitability" by the end of the fiscal year.

澳洲幸运5开奖号码历史查询:Analysts have said GE Vernova is 澳洲幸运5开奖号码历史查询:well-positioned over the 澳洲幸运5开奖号码历史查询:long term as demand for electricity, especially in renewable forms, 澳洲幸运5开奖号码历史查询:continues to increase across the globe to power energy-demanding projects like 澳洲幸运5开奖号码历史查询:data centers needed for 澳洲幸运5开奖号码历史查询:artificial intelligence (AI).

GE Vernova shares were down 3% an hour before the opening bell Wednesday but are almost 90% above where they started trading after 澳洲幸运5开奖号码历史查询:being spun off from GE Aerospace (GE) in April.