GE Vernova: The Iran conflict has little impact on the company's business.
GE Vernova CEO Scott Strazik said in a conference call with analysts that the company continues to operate in regions in the Middle East where it can do so safely. He added, "We are closely monitoring the situation and so far, the impact on our business and financial performance has been minimal." The company raised its full-year outlook, reflecting higher-than-expected revenue growth in its electrification business and further expansion of profit margins in its power and electrification business. GE Vernova's stock price rose 8% in pre-market trading.
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