India, April 22 -- GE Vernova Inc. (GEV), an energy equipment manufacturing and services company, on Wednesday reported sharply higher earnings for the first quarter, driven mainly by a surge in gains from purchases and sales of business interests. The company also raised its full-year revenue outlook. Shares were up more than 3% in pre-market trading.
Net income rose to $4.750 billion or $17.44 per share from $264 million or $0.91 per share in the prior-year period.
Gains on purchases and sales of business interests increased to $4.494 billion from $19 million last year.
Excluding one-time items, adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) rose to $896 million from $457 million a year ago.
Revenue g...