GE HealthCare Technologies Inc.’s inventory
GEHC,
rose 0.9% early Tuesday, after the corporate posted better-than-expected revenue and income for the fourth quarter, offsetting tender steering for 2024. GE HealthCare, which was spun out of General Electric Co. in January of 2023 and homes its medical system enterprise, posted web earnings of $403 million, or 88 cents a share, for the quarter, down from $554 million, or $1.21 a share, within the year-earlier interval. Adjusted per-share earnings got here to $1.18, forward of the $1.07 FactSet consensus. Revenue rose 5% to $5.2 billion, additionally forward of the $5.1 billion FactSet consensus. The firm is now anticipating 2024 adjusted EPS of $4.20 to $4.35, whereas FactSet is anticipating $5.74. The inventory has gained 2% within the final 12 months, whereas the S&P 500
SPX,
has gained 20%.