GE Healthcare Earnings Beat. Profit Margins Top Street Estimates.

📆 31/10/2023 6:35 a. m.
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The company posts adjusted third-quarter earnings per share of 99 cents from sales of $4.8 billion, beating expectations for 90 cents and $4.8 billion,...

GE Healthcare Technologies reported better-than-expected third-quarter earnings and profit margins. Shares were stable in early trading.

“We delivered another strong quarter of revenue growth with margin performance demonstrating progress on productivity and price,” said CEO Peter Arduini in a news release. “Cash performance was strong as we leveraged lean principles to improve inventory management. We remain confident in our 2023 outlook as we continue to innovate for customers and patients.”

GE Healthcare stock was up 0.1% shortly after the results were released. S&P 500 futures were down 0.2%. Dow Jones Industrial Average futures were flat.

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Amgen’s stock jumps premarket after earnings beat and company again raises guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
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