GE HealthCare misses quarterly revenue estimates on weakness in China market

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Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #police - GE HealthCare Technologies missed first-quarter revenue estimates on Tuesday, hurt by lower sales in China market and weaker-than-expected demand for its scanning devices, sending its shares tumbling as much as 12% before the bell.

The company, at an investor conference last month, had said it expects a sales decline in China during the first half of the year. It expects to see growth in the second half with the end of the Chinese government's anti-corruption campaign that began last year. GE HealthCare's total sales came in at $4.65 billion in the quarter, missing LSEG estimates of $4.8 billion.

The company's three other units are ultrasound, patient care solutions and pharmaceutical diagnostics.

 

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