GE Aerospace (GE) Revenue — Quarter Ended Dec 31, 2023
Revenue decreased from the preceding quarter and fell significantly from the same quarter a year ago. The trailing twelve-month revenue reflected the downward trend.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue decreased from the preceding quarter and fell significantly from the same quarter a year ago. The trailing twelve-month revenue reflected the downward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.5B
Revenue reported for this quarter.
Quarter-over-quarter
-8.1%
Change from the immediately preceding quarter.
Year-over-year
-46.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $7B | -40.9% |
| Jun 30, 2023 | $9.5B | -35.9% |
| Sep 30, 2023 | $9.3B | -35.7% |
| Dec 31, 2023 | $8.5B | -46.7% |
Revenue performance
The company reported lower revenue for the quarter, with a sequential decline and a substantial year-over-year drop.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted. Relative to the same quarter one year earlier, the decline was more pronounced.
What to watch
The extent of the year-over-year revenue decline bears monitoring.