Transportation

GE Aerospace Tops Estimates While Warning of Fuel-Price Risk

A GE Aerospace GE9X jet engine.

Photographer: Christopher Pike/Bloomberg

General Electric Co.’s first-quarter profit beat Wall Street’s expectations as the jet-engine maker works to sidestep disruptions tied to the war in Iran.

Adjusted earnings were $1.86 a share, the company said in a statementBloomberg Terminal Tuesday, above the $1.60 expected by analysts in a Bloomberg survey. Strong demand for air travel pushed sales up nearly 30% from a year ago, also exceeding analyst estimates.