Feb 4 (Reuters) – GE HealthCare on Wednesday forecast annual profit above Wall Street estimates, betting on robust demand for its \u200bdiagnostic and imaging devices.<\/p>\n
Resilient demand for medical procedures, particularly from \u200colder Americans, has prompted hospitals to invest in diagnostic and medical devices over the past \u200ccouple of years. The company makes CT, X-ray and PET scanners as well as range of other devices.<\/p>\n
Revenue at GE HealthCare’s imaging devices unit \u2014 the largest of its four segments \u2014 rose 6.6% to $2.55 billion in the \u2060fourth quarter.<\/p>\n
Shares were up \u200cup 2.4% at $80.70 in premarket trading, after the company also beat fourth-quarter earnings estimates.<\/p>\n
The revenue growth was also \u200ddriven by strength in U.S. and European markets, it said.<\/p>\n
“This reflects healthy capital investment trends, commercial execution and demand for new products,” said CEO Peter Arduini.<\/p>\n
Its \u200bother three businesses are advanced visualization solutions, patient care solutions and \u200cpharmaceutical diagnostics.<\/p>\n
The company said it anticipates 2026 tariff impact to be lower than last year, based on current rates.<\/p>\n
GE HealthCare in October said it expected a $265 million, or 45-cents-per-share, impact in 2025 from U.S. President Donald Trump’s tariffs on copper, steel and aluminum derivatives.<\/p>\n
The medical device maker \u2060expects 2026 adjusted profit per share in \u200bthe range of $4.95 to $5.15, compared with \u200banalysts’ estimates of $4.92 per share, according to data compiled by LSEG.<\/p>\n
The company also expects 2026 organic revenue growth of 3% \u200dto 4% year-over-year.<\/p>\n
On \u2060an adjusted basis, GE HealthCare earned a profit of $1.44 per share during the quarter ended December 31, compared with estimates of $1.40 \u2060per share.<\/p>\n
Total quarterly sales came in at $5.7 billion, up 7.1% from a year ago \u200cand higher than analysts’ average estimate of $5.61 billion.<\/p>\n
(Reporting by Sneha \u200cS K; Editing by Sahal Muhammed)<\/p>\n","protected":false},"excerpt":{"rendered":"Feb 4 (Reuters) – GE HealthCare on Wednesday forecast annual profit above Wall Street estimates, betting on robust…\n","protected":false},"author":2,"featured_media":458132,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[64,63,47505,30811,137,500,40745,91075,18847,3678,235831,235830],"class_list":{"0":"post-458131","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-au","9":"tag-australia","10":"tag-earnings-estimates","11":"tag-ge-healthcare","12":"tag-health","13":"tag-healthcare","14":"tag-medical-devices","15":"tag-medical-procedures","16":"tag-profit","17":"tag-revenue-growth","18":"tag-robust-demand","19":"tag-wall-street-estimates"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/458131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=458131"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/458131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/458132"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=458131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=458131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=458131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}