Publisher: Maaal International Media Company
License: 465734
Wednesday, 7 May 2025
GE shares gain $13 billion in a single day
General Electric shares rose 7% on Thursday to close above $200 for the first time in 17 years, adding $13 billion to its market value in a single day.
The gains came after the maker of engines used by airlines and the military reported strong fourth-quarter results and forecast spending $7 billion on share buybacks in 2025.
The company’s CEO also forecast revenue and earnings to rise more than 100% in 2025.
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