GE HealthCare misses quarterly revenue estimates on weakness in China market

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 63%

GE Healthcare أخبار

Revenue Estimates,China,Ryan Zimmerman

The medical device maker's revenue from China market, which constitutes nearly 13% of its total revenue, dropped more than 11% in the quarter ended March 31....

- 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.The company is also facing pressure from the Chinese government's volume-based procurement, under which the country buys drugs and medical devices in bulk at a sharp discount.

The company's three other units are ultrasound, patient care solutions and pharmaceutical diagnostics. Here’s How Much You’d Have Now If You Invested $1,000 in Warren Buffett’s Berkshire Hathaway 10 Years AgoDo you have some extra cash to spare? These three discounted stocks are poised for a rebound. The post 3 Beaten-Down Stocks that Could Take Off in the New Bull Market appeared first on The Motley Fool Canada.If you're looking for growth, look for cheap stocks in the right sector. And these three Canadian stocks offer exactly that.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين