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Home » Finance » GE Vernova Reports $100m Q1 Loss Amid Strategic Transition, CEO Optimistic on Growth Prospects
Finance

GE Vernova Reports $100m Q1 Loss Amid Strategic Transition, CEO Optimistic on Growth Prospects

By Alexander FosterApril 28, 20242 Mins Read
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Credit: GE Vernova
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GE Vernova unveiled its first-quarter 2024 earnings report, revealing a net loss of $100 million. The results, released after the company's spin-off from GE on April 2, underscored both challenges and opportunities in the evolving energy landscape. Despite the loss, total revenues showed promise, reaching $7.3 billion, marking a 6% increase driven by robust growth

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