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GE HealthCare beats Q3 profit estimates on U.S. demand for medical devices [Yahoo! Finance]

GE Aerospace (GE)  More Company Research Source: Yahoo! Finance
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
slowing sales in China due to disruptions in the country's healthcare sector because of an anti-corruption drive. The company also raised the lower end of its annual adjusted profit forecast to $4.25 per share from $4.20 previously, keeping the upper end at $4.35. Analysts on average were expecting $4.25 per share, according to data compiled by LSEG. "Both sales and orders grew in the mid-single digits excluding China, with particular strength in the U.S. across all segments," said CEO Peter Arduini. Sales in the U.S. and Canada rose 8% to $2.25 billion, but were down 22% at $564 million in China. Medical device makers have been benefiting from increased demand for heart procedures and non-urgent surgeries such as hip and knee replacements over the past few quarters especially among older adults, who deferred these procedures during the pandemic. However, the company said it expects revenue growth trending towards the lower end of its forecast of 1% to 2% growth year-over- [Read more]
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Stockreport

GE HealthCare beats Q3 profit estimates on U.S. demand for medical devices [Yahoo! Finance]

GE Aerospace  (GE) 
More Company Research Source: Yahoo! Finance
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
slowing sales in China due to disruptions in the country's healthcare sector because of an anti-corruption drive. The company also raised the lower end of its annual adjusted profit forecast to $4.25 per share from $4.20 previously, keeping the upper end at $4.35. Analysts on average were expecting $4.25 per share, according to data compiled by LSEG. "Both sales and orders grew in the mid-single digits excluding China, with particular strength in the U.S. across all segments," said CEO Peter Arduini. Sales in the U.S. and Canada rose 8% to $2.25 billion, but were down 22% at $564 million in China. Medical device makers have been benefiting from increased demand for heart procedures and non-urgent surgeries such as hip and knee replacements over the past few quarters especially among older adults, who deferred these procedures during the pandemic. However, the company said it expects revenue growth trending towards the lower end of its forecast of 1% to 2% growth year-over- [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GE
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS