GE Vernova (GEV) is scheduled to release earnings Wednesday morning, its third report since 澳洲幸运5官方开奖结果体彩网:completing the split of General Electric into three standalone companies.

Analysts expect GE Vernova to report $8.92 billion in revenue for the quarter, up from $8.13 billion the same time last year, when it was still part of the GE conglomerate, along with GE Aerospace (GE), from which GE Vernova was spun off.

GE Vernova is also projected to post a profit of $134.5 million after its prior two quarters as an independent company have been split 澳洲幸运5官方开奖结果体彩网:between one net profit and 澳洲幸运5官方开奖结果体彩网:one net loss.

GE Vernova shဣares closed up 0.7% Friday to more than $272, and have nearly doubled in value since their April debut.

Analysts Believe GE Vernova Well-Positioned To Benefit From AI 🌃De🥂mand

Since it was spun off 澳洲幸运5官方开奖结果体彩网:from GE in April, analysts largely have been 澳洲幸运5官方开奖结果体彩网:optimistic about the company's future, saying it's 澳洲幸运5官方开奖结果体彩网:well-positioned to benefit from the growing demand for electricity, especially via renewable methods like wind and solar, to run 澳洲幸运5官方开奖结果体彩网:data centers and power-hungry 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)ꦛ technolo💙gy.

澳洲幸运5官方开奖结果体彩网:Last month, company leadership said at an investo🍃r event that it expects full-year 🍷revenue to come in at the higher end of its projected $34 billion to $35 billion range, with analysts expecting revenue of $34.99 billion for the year.

GE Vernova also said it expected the company's wind segment to post another loss for the third quarter because of the high costs of its offshore wind business, which suffered a setback as an offshore blade broke off the coast of Massachusetts earlier this year. However, the GE Vernova wind business is expected to be "modestly profitable" in the fourth quarter.