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Rising Demand Likely to Aid GE HealthCare's (GEHC) Q1 Earnings [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
In the last reported quarter, the company's adjusted earnings per share of $1.18 surpassed the Zacks Consensus Estimate by 10.3%. Let's take a look at how things have shaped up prior to the announcement. Factors at Play GE HealthCare is expected to report strong organic revenue growth, banking on balanced segmental performance driven by consistent new product introductions (NPIs) and growing customer demand. The first quarter might have witnessed greater backlog fulfillment as supply challenges are gradually easing out. Further, improved pricing and successful commercial execution might have added to the top line in the first quarter. GE HealthCare's collaboration with Biofourmis in February, aimed at enabling more patients to return home sooner and provide them with a high-quality, at-home alternative to facility-based care, is likely to have boosted the company's at-home services during the quarter, thereby driving revenues. In terms of operating segments, the Imaging bus
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