GE HealthCare Reduces Annual Profit Forecast Due to Inflation-Driven Costs
GE HealthCare has lowered its full-year profit forecast due to inflation-driven cost pressures, with shares falling over 9% in premarket trading. The company also missed first-quarter profit estimates due to a supplier issue in its diagnostic business, which has since been resolved. Despite this, revenue growth was reported in key segments.
Tickers: $GEHC
Topics: Cost Pressures Earnings Miss GE HealthCare Inflation Impact Profit Forecast