General Electric Co.'s aerospace division reported lower-than-expected sales figures for the third quarter, falling short of analysts' forecasts.
The company's adjusted revenue was $8.94 billion, which was below the average forecast of $9 billion. Despite this, GE Aerospace exceeded expectations for adjusted earnings, reporting earnings of $1.15 per share.
However, ongoing supply-chain constraints continue to impact the manufacturer's ability to meet delivery demands, which is tempering optimism about its profit outlook.