Shares of GE Vernova Inc. (GEV) are climbing about 14 percent during Wednesday morning trading after the company announced its first-quarter financial results, reporting net income of $4.750 billion or $17.44 per share from $264 million or $0.91 per share in the prior-year period.
The company's shares are currently trading at $1,135.57 on the New York Stock Exchange, up 14.55 percent, or $143.98. The stock opened at $994.00 and has climbed as high as $1,127.96 so far in today's session. Over the past year, it has traded in a range of $333.19 to $1,127.96.
Also, adjusted EBITDA rose to $896 million from $457 million a year ago. Revenue grew 16% to $9.339 billion from $8.032 billion last year. Organic revenue rose 7% to $8.587 billion from $7.997 billion.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.