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General Electric raises FY23 adjusted EPS view to $2.10-$2.30 from $1.70-$2.00

Consensus is $2.06. GE also now expects organic revenue growth in the low-double-digit range, up from the high-single-digit range and free cash flow of $4.1B-$4.6B, up from $3.6B-$4.2B. In addition, GE is updating its business-specific guidance and now expects: GE Aerospace: High teens to 20% organic revenue growth, up from mid-to-high teens; operating profit of $5.6 to $5.9 billion, up from $5.3 to $5.7 billion; and FCF to be up year-over-year. GE Vernova: Mid-single-digit organic revenue growth, up from low-single-digit to MSD; operating profit of $(0.4) to $(0.1) billion, up from $(0.6) to $(0.2) billion; and flat to slightly improved FCF.

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