GE HealthCare's Profit Beats Estimates While China Sales Struggle
GE HealthCare Technologies (GEHC) Investopedia·2024-10-30 21:15
Key Takeaways GE HealthCare shares rose Wednesday morning after the former General Electric Segment posted a thirdquarter 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) reported better profits than expected for the third quarter as its sales were roughly in line w ...