GE HealthCare Techs Q3 Adjusted EPS $0.99 Beats $0.90 Estimate, Sales $4.82B Beat $4.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
GE HealthCare Techs (NASDAQ:GEHC) reported Q3 earnings of $0.99 per share, beating the analyst consensus estimate of $0.90 by 10%. However, this is a 17.5% decrease from the same period last year. The company also reported quarterly sales of $4.82 billion, beating the estimate of $4.80 billion by 0.46%, and marking a 5.38% increase from last year.
October 31, 2023 | 10:28 am
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GE HealthCare Techs reported better than expected Q3 earnings and sales. However, earnings per share decreased by 17.5% compared to the same period last year.
While GE HealthCare Techs beat Q3 earnings and sales estimates, the decrease in earnings per share compared to the same period last year might concern investors. This mixed result could lead to a neutral short-term impact on the stock price.
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