GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.

GE Aerospace posted a surge in quarterly revenue that blew past Wall Street’s estimates as the jet-engine maker received an influx of orders to end the year.

Shares of GE Aerospace surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.

Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it was going to buy back more stock and boost its dividend by 30%.

GE Aerospace (GE) is set to announce Q4 earnings, with analysts focused on engine deliveries, margins, and aftermarket growth outlook.

GE Aerospace (NYSE:GE) shares are trading higher premarket on Thursday after it reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion.

GE Aerospace reported Q4 results early Thursday as clear a buy point. Engines, services and defense revenues all climbed.

GE Aerospace plans to step up returns to shareholders this year. The maker of aircraft engines on Thursday said it plans to buy back $7 billion worth of stock in 2025 and to raise its dividend by 30%, subject to board approval.

GE Aerospace is forecast to report nearly $35 billion in annual sales for 2024, clearing the way fo be the region’s next Fortune 500.

Shares of industrial conglomerate GE Aerospace (NYSE:GE) jumped 9.4% in the pre-market session after the company reported strong fourth-quarter results, which blew past analysts' revenue estimates amid improved demand for spare parts,

GE Aerospace shares jumped Thursday after the company reported better-than-expected fourth-quarter results and issued an upbeat revenue outlook. Monitor these key chart levels.