The Zhitong Finance App learned that GE Vernova (GEV.US) announced its second-quarter earnings report before the market on Wednesday. The energy giant, which was spun off from General Electric, soared to US$11.1 billion in revenue for the quarter at a year-on-year growth rate of 21.9%, easily exceeding market expectations of US$10.8 billion. However, GAAP earnings per share were only $2.47, which was a significant decrease of 22.4% from analysts' unanimous expectations of $3.18. What worries the market even more is that the company warns that 2026 global tariffs will bring additional costs of about 100 million to 200 million US dollars, compounded by continued deep losses in the wind power business. The stock price once fell more than 8% during pre-market trading. As of press release, the decline had narrowed to 5.6%.

The Zhitong Finance App learned that GE Vernova (GEV.US) announced its second-quarter earnings report before the market on Wednesday. The energy giant, which was spun off from General Electric, soared to US$11.1 billion in revenue for the quarter at a year-on-year growth rate of 21.9%, easily exceeding market expectations of US$10.8 billion. However, GAAP earnings per share were only $2.47, which was a significant decrease of 22.4% from analysts' unanimous expectations of $3.18. What worries the market even more is that the company warns that 2026 global tariffs will bring additional costs of about 100 million to 200 million US dollars, compounded by continued deep losses in the wind power business. The stock price once fell more than 8% during pre-market trading. As of press release, the decline had narrowed to 5.6%.