GE Vernova stock gains on earnings beat, raised guidance

Investing.com -- GE Vernova Inc. (NYSE: GEV) reported third-quarter results that exceeded analyst expectations and raised its full-year guidance, sending shares up 2.5% following the announcement. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » The company reported adjusted earnings per share of $4.81, beating the analyst estimate of $4.00 by $0.81. Revenue reached $12.64 billion, surpassing the consensus estimate of $12 billion and representing a 27% increase, or 18% organically. Net income for the quarter was $1.3 billion, with a net income margin of 10.2%. Adjusted EBITDA reached $1.9 billion with a margin of 15.4%, up 690 basis points organically.