Why Are GE Healthcare Technologies (GEHC) Shares Gaining Today?
Portfolio Pulse from Vandana Singh
GE Healthcare Technologies Inc (NASDAQ:GEHC) reported Q3 FY23 sales of $4.82 billion, up 5% Y/Y and 6% on an organic basis, slightly beating the consensus of $4.80 billion. Net income was $375 million, down from $487 million for the prior year. The company posted an adjusted EPS of $0.99, beating the consensus of $0.90. GE Healthcare forecasts FY23 adjusted EPS of $3.75-$3.85 and reaffirms FY23 organic revenue growth of 6%-8% YOY. GEHC shares are up 6.20% to $67.09.
October 31, 2023 | 2:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
GE Healthcare reported Q3 FY23 sales of $4.82 billion, beating the consensus. The company's net income was down from the prior year, but the adjusted EPS of $0.99 beat the consensus. The company's shares are up 6.20%.
GE Healthcare's Q3 FY23 sales beat the consensus, which is a positive signal for investors. However, the company's net income was down from the prior year, which could be a concern. The adjusted EPS beat the consensus, which is another positive signal. The company's shares are up, indicating a positive market reaction to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100