India, July 23 -- GE Vernova Inc. (GEV), an energy equipment manufacturing and services firm, Wednesday reported weak net profit in its second quarter, while adjusted EBITDA and margin increased from last year with growth in revenues.
Further, the firm raised its fiscal 2025 outlook for revenue and adjusted EBITDA margin with strength in Power and Electrification.
In the pre-market activity on the NYSE, GE Vernova shares were gaining around 6.5 percent to trade at $583.70.
In the second quarter, net income was $492 million, lower than prior year's $1.28 billion. Earnings per share fell to $1.86 from $4.65 a year ago.
Adjusted EBITDA, however, climbed to $770 million from last year's $524 million. Adjusted EBITDA margin improved to 8.5 p...