GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.

Shares of GE Aerospace surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.

GE Aerospace (NYSE:GE) will release its fourth-quarter financial results before the opening bell on Thursday, Jan. 23. Analysts expect the Ohio-based company to report quarterly earnings at $1.04 per share,

GE Aerospace (NYSE:GE) shares are trading higher premarket on Thursday after it reported fourth-quarter adjusted revenue growth of 16% year-over-year to $9.879 billion and GAAP revenue of $10.812 billion.

GE Aerospace on Thursday forecast stronger profit in 2025, saying it is better prepared to meet jet engine demand with progress in resolving supply chain issues that had hobbled production. Fourth-quarter earnings topped Wall Street estimates,

GE Aerospace on Thursday forecast a stronger profit this year after its fourth-quarter earnings topped Wall Street estimates as persistent shortages of new aircraft drove up demand for its high-margin parts and services.