GE HealthCare Earnings: Margin Expansion and Guidance Upgrade Supports Positive Outlook
Organic year-on-year revenue growth for the quarter was 6.2% and adjusted EBIT margin was 16.6%, or 180 basis points better than the prior year period. Management raised full-year guidance for organic revenue growth to 4% from 3%-4%. Shares closed 7% higher than the previous day's close.