GE Vernova's Earnings Hit by Wind Segment Losses Despite Strong Data-Center Orders
Despite raising its revenue forecast due to strong data-center orders, GE Vernova reported a widening loss in its Wind business, which negatively impacted earnings and sent shares down. The company saw second-quarter revenue rise 22% to $11.1 billion with organic order growth of 88%.
Tickers: $GEV
Topics: data-center orders GE Vernova revenue growth Wind segment loss