WASHINGTON (dpa-AFX) - GE HealthCare Technologies Inc. (GEHC) has revised up its annual earnings outlook to reflect a healthy capital investment trends, operational execution, and changes in tariff rates.
GE HealthCare now expects adjusted income of $4.43 to $4.63 per share, higher than the prior outlook for $3.90 to $4.10 per share. This revised earnings guidance includes around $0.45 of tariff impact.
On average, the 19-analysts polled, forecast the firm to earn $4.07 per share, for the year.
For fiscal 2024, the company had reported adjusted income of $4.49 per share. GEHC shares saw an uptrend in the pre-market, trading at $80.50 on the Nasdaq.
Quarterly Results:
GE HealthCare Technologies reported a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $486 million, or $1.06 per share. This compares with $428 million, or $0.93 per share, last year.
Excluding items, GE HealthCare Technologies Inc. reported adjusted earnings of $487 million or $1.06 per share for the period.
Analysts on average had expected the company to earn $0.92 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.5% to $5.007 billion from $4.839 billion last year.
Looking ahead to the full year, GE HealthCare Technologies revised up its annual earnings outlook to reflect a healthy capital investment trends, operational execution, and changes in tariff rates.
GE HealthCare now expects adjusted income of $4.43 to $4.63 per share, higher than the prior outlook of $3.90 to $4.10 per share. This revised earnings guidance includes around $0.45 of tariff impact.
On average, analysts polled, forecast the firm to earn $4.07 per share, for the year. For fiscal 2024, the company had reported adjusted income of $4.49 per share. GEHC was up by 3.58% at $80.50 in the pre-market trade on the Nasdaq.
GE HealthCare Technologies Inc. earnings at a glance (GAAP) :
-Earnings: $486 Mln. vs. $428 Mln. last year. -EPS: $1.06 vs. $0.93 last year. -Revenue: $5.007 Bln vs. $4.839 Bln last year.
Peter Arduini, CEO of GE HealthCare said: 'We were pleased with solid orders and revenue performance in the second quarter across all segments, reflecting healthy customer investment in capital equipment. We also reported strong earnings performance while leveraging our lean capabilities and demonstrating progress on tariff mitigation.'
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