Why GE HealthCare Technologies Stock Just Crashed 14%
GE 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 $0.91 per share (adjusted for one-time items) on $4.8 billion in the first quarter of 2024 sales. Instead, the company reported a $0.90 per-share profit and sales of $4.6 billion. GE HealthC ...