Important Information About GE HealthCare's Earnings

CHAM, Switzerland - July 27, 2024 - PRLog -- GE HealthCare is scheduled to release its financial report for the second quarter on Wednesday morning. Analysts anticipate a little increase in sales, but they anticipate little change in profits from the previous year.

GE HealthCare (GEHC) will report profits before the markets open on Wednesday, making it the third and final division of the three former General Electric companies to report for the quarter. The other two divisions are GE Aerospace (GE) and GE Vernova (GEV).

After GE HealthCare reported $418 million in net income or 91 cents per share on $4.82 billion in sales a year earlier, analysts anticipate a modest increase in revenue but no change in profits. This is in comparison to the previous year's results.

A Crucial Metric: Revenue
Following an unexpected decline in revenue for the first quarter compared to the same time the previous year, investors will most likely be keeping a close eye on the state of GE HealthCare's sales. Shares dropped by 14% in a single trading session in April as a direct result of the announcement.

Peter Arduini, the CEO of GE HealthCare, said that a significant portion of the business's growth might occur in the second half of the year. Despite the dismal results of the first quarter, the company has maintained its projection for the whole year.

AI Initiatives: A Spotlight on Business Programs
After recently announcing an acquisition and a collaboration to enhance its artificial intelligence capabilities, GE HealthCare may choose to provide further information about its investments in the artificial intelligence field in its earnings report.

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