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GE HealthCare misses quarterly revenue estimates on weakness in China market [Reuters]

GE Aerospace (GE)  More Company Research Source: Reuters
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
in China market and weaker-than-expected demand for its scanning devices, sending its shares tumbling as much as 12% before the bell. 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. "Many of GE HealthCare's suppliers were noting weakness in China last quarter, so it makes some sense that we would see that come through (to this quarter)," BTIG analyst Ryan Zimmerman said. 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 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. GE HealthCare's total sales came in at $4.65 billion in the quarter, missin [Read more]
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Stockreport

GE HealthCare misses quarterly revenue estimates on weakness in China market [Reuters]

GE Aerospace  (GE) 
More Company Research Source: Reuters
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
in China market and weaker-than-expected demand for its scanning devices, sending its shares tumbling as much as 12% before the bell. 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. "Many of GE HealthCare's suppliers were noting weakness in China last quarter, so it makes some sense that we would see that come through (to this quarter)," BTIG analyst Ryan Zimmerman said. 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 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. GE HealthCare's total sales came in at $4.65 billion in the quarter, missin [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GE
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS