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Why GE HealthCare Technologies Stock Just Crashed 14%
GEHCGE HealthCare Technologies (GEHC) The Motley Fool·2024-04-30 18:24

On balance, this stock seems no great bargain.GE HealthCare Technologies (GEHC -13.37%), one-third of the industrial behemoth that used to be General Electric, saw its shares crater 13.7% through 1:30 p.m. ET after reporting a narrow earnings miss Tuesday.Heading into earnings, analysts forecast GE HealthCare would earn 0.91pershare(adjustedforonetimeitems)on0.91 per share (adjusted for one-time items) on 4.8 billion in the first quarter of 2024 sales. Instead, the company reported a 0.90pershareprofitandsalesof0.90 per-share profit and sales of 4.6 billion. GE HealthC ...