GE Vernova Stock Falls as New Orders and Slot Reservations Miss Expectations

GE Vernova beat Q3 estimates with EPS of $4.81 and revenue of $12.64B, but new gas equipment orders fell 45% QoQ and slot reservations dropped 56%. Analyst Gordon Johnson said new orders and slots 'missed by a mile.' The stock fell 1.9% to $878.33, off intraday lows. The company raised FY revenue guidance to $46.5-47.5B and announced a $9B deal for Trench Group.