澳洲幸运5开奖号码历史查询

GE HealthCare's Profit Beats Estimates While China Sales Struggle

GE Healthcare Technologies Inc. logo on a building

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Key Takeaways

  • GE HealthCare shares rose Wednesday morning after the former General Electric Segment posted a third-quarter earnings beat.
  • Revenue was roughly in line with estimates, nearly flat year-over-year as the company said sales weakness in China has continued.
  • Profits grew 25% from last year, as CEO Peter Arduini said the company's "ongoing lean initiatives" are boosting profit margins.

GE HealthCare (GEHC) repꦺorted better profits than expected for the third quarter as its sales werꦜe roughly in line with estimates.

The medical technology manufacturer said Wednesday it generated $4.86 billion in revenue in the quarter, up slightly from $4.82 billion a year ago and roughly in line with the $4.87 billion 澳洲幸运5开奖号码历史查询:analysts were expecting.

GE HealthCare also reported $470 million in 澳洲幸运5开奖号码历史查询:net income, up 25% year-over-year and above the $441.8 million analysts had projected, according to estimates compiled by Visible Alpha.

The company's results are 澳洲幸运5开奖号码历史查询:similar to last quarter, when profits also beat estimates but revenue was ne🌳arly flat. GE HealthCare said at the time that macroeconomic weakness in China was negatively impacting sales.

In the third quarter, the company said strong sales in the U.S. and its pharmaceutical diagnostics segment, where sales grew 6% year-over-year, were offset by "continued market softness" in China.

Headwinds in China led the company to say it is trending toward the lower end of its 1% to 2% full-year revenue growth projection. GE HealthCare also 澳洲幸运5开奖号码历史查询:lifted the floor of ranges for its profit projections as CEO Peter Arduini said the company's "ongoing lean initiatives" are improvin🧔g profit margins.

GE HealthCare shares were up 1.1% Wednesday m꧙orning to $86.20.

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