GE HealthCare Reports Profit Miss and Cuts Guidance, Shares Fall
GE HealthCare (GEHC) shares fell sharply after the company reported first-quarter earnings that missed expectations and cut its full-year profit and margin outlook due to supply chain pressures and elevated costs. Revenue exceeded estimates, but adjusted EPS and EBIT figures were below analyst forecasts.
Tickers: $GEHC
Topics: Earnings Guidance Cut Profit Miss Stock Price Movement Supply Chain Pressures