"GE's Earnings Beat Fails to Impress as Stock Stumbles Ahead of Historic Breakup"

General Electric Co. forecasts lower-than-expected profit for its final quarter before the company's planned breakup, with adjusted earnings projected to be 60 to 65 cents per share, missing analyst estimates of 70 cents. Despite beating fourth-quarter expectations, the outlook for 2024 was described as "subdued" by analysts. GE's stock fell 1.4% before regular trading, but has seen a 69% increase over the past year. The company's aerospace division is expected to generate up to $6.5 billion in operating profit this year, while the energy businesses should see up to $35 billion in revenue. CEO Larry Culp expressed confidence in the company's future during a conference call with analysts.