GE Vernova (GEV) shares fell Wednesday morning after the energy company reported an unexpected loss, its 澳洲幸运5官方开奖结果体彩网:second time in three quarters as a 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网: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 Lo𒁃sses Offset Margin Growth in Other Segments

GE Vernova said its margins improved in its power and electrification ജsegments, but that growth was offset by contract losses in its offshore ꦇwind business.

The company affirmed its 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:continues to say its wind segᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚment should be "approaching profitability" by the end of the fiscal year.🧔

澳洲幸运5官方开奖结果体彩网:Analysts have said GE Vernova is 澳洲幸运5官方开奖结果体彩网:well-positioned over the 澳洲幸运5官方开奖结果体彩网:long term as demand for electricity, especially in renewable forms, 澳洲幸运5官方开奖结果体彩网:continues to increase across the globe to power energy-demanding projects like 澳洲幸运5官方开奖结果体彩网:data centers needed for 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:being spun off from GE Aerospace (GE) in April.