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General Electric misses on 1Q24 Outlook

CREDIT UPDATE

GE (Baa1, BBB+; Stable) is down -2.7% in pre-market with a strong beat on 4Q earnings (Adj. revenue $18.5b vs. c$17.25b) being overshadowed by outlook miss - guiding to 1Q24 Adj. EPS of $0.60-65 vs. c$0.7. Investor day in early March is its next opportunity for any revisions/updates to guidance, earnings call to come today.

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