Browsing: Vernova

Why GE Vernova (GEV) Shares Are Plunging Today

By

Shares of energy transition company GE Vernova (NYSE: GEV) fell 7.1% in the pre-market session after the company reported second-quarter earnings results that missed Wall Street’s profit expectations. The company posted GAAP earnings per share of $2.47, falling short of the $3.18 consensus estimate. Adjusted EBITDA of $1.25 billion also missed analysts’ expectations of $1.28…