GE HealthCare Technologies Q1 2024 revenue declined 1% to $4.6B, below estimates, due to lower sales in China and weaker scanning device demand.
GE HealthCare Technologies (GEHC) reported a 1% revenue decline to $4.6B in Q1 2024, below the estimated $4.8B. The company's net income reached $374M and EPS was $0.81, a significant increase from the previous year but below analyst expectations of $0.91. Despite the revenue miss, GEHC maintained its full-year adjusted profit-per-share forecast in the range of $4.20 to $4.35. Lower sales in China and weaker demand for scanning devices contributed to the revenue shortfall.
April 30, 2024
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