Reasons Why You Should Avoid Betting on GE Aerospace (GE) [Yahoo! Finance]
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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Source: Yahoo! Finance
General Electric Company GE has failed to impress investors with its recent operational performance due to rising costs and forex woes. These factors are likely to impede GE's earnings in the quarters ahead. Let's discuss the factors that might continue taking a toll on this Zacks Rank #4 (Sell) company. Steep Costs: GE Aerospace has been dealing with the adverse impacts of the high cost of sales and operating expenses. In the first quarter, its cost of sales jumped 8.4% year over year to $11.6 billion, while selling, general and administrative expenses increased 5.9% to $2.3 billion. Also, research and development expenses increased 17.6% to $507 million. The company incurred high costs and expenses related to certain projects and restructuring activities. Despite improvement, supply-chain challenges, such as the availability of raw materials and labor shortages, especially in the defense market, continue to weigh on GE Aerospace's operations. While pricing actions are driving
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ITT
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- 5/2/24 - Beat
ITT
Sec Filings
- 6/20/24 - Form 11-K
- 6/13/24 - Form 144
- 5/31/24 - Form SD
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