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GE Aerospace reported a 26% increase in Q3 sales, reaching $11.3 billion, driven by strong demand for its LEAP engines. Earnings per share rose 44% to $1.66, surpassing expectations of $1.46. Meanwhile, shares dropped 3% following the earnings release.
Netflix posted Q3 sales of $11.51 billion, a 17% year-over-year increase, but missed expectations of $11.52 billion due mainly to a $400 million tax expense in Brazil, leading to earnings of $5.87 per share, falling short of projections of $6.89. Shares declined 10% in response.
Both companies raised their full-year guidance: GE Aerospace now anticipates adjusted EPS of $6.00-$6.20, up from $5.90, while Netflix expects approximately 16% revenue growth, revised from 14%. This guidance reflects strong underlying performance despite the market reactions to their recent earnings.
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