GE Aerospace Stock Jumps on Earnings Beat, Guidance Boost [Video]

GE Aerospace (GE) shares jumped over 6% in early trading Tuesday after the company’s second-quarter earnings exceeded expectations as orders surged.

The aerospace parts maker posted a 4% increase in revenue to $9.1 billion, with $11.2 billion in orders in the quarter, up 18% from the same time last year. Analysts had projected $8.51 billion in revenue, according to estimates compiled by Visible Alpha. The company also reported $1.4 billion in net income, above expectations.

“The GE Aerospace team delivered another strong quarter marked by double-digit increases across orders, operating profit, and free cash flow,” GE Aerospace CEO Lawrence Culp said. “Given our performance year-to-date and momentum across our businesses we are raising our full-year profit and free cash flow guidance.”

GE Aerospace lifted its full-year guidance in its second-quarter earnings report, now projecting an operating profit between $6.5 billion and $6.8 billion, up from the previous range of $6.2 billion to $6.6 billion. Projected adjusted earnings per share (EPS)also …