GE HealthCare (GEHC) beats earnings but cuts full-year revenue outlook amid China headwinds
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GE HealthCare reports second quarter 2024 financial results
July 31, 2024 6:20 AM EDTRevenues were flat year-over-year; Organic revenue growth* was 1% Net income margin was 8.9% versus 8.7% for the prior year; Adjusted earnings before interest and taxes (EBIT) margin* was 15.3% versus 14.8% Diluted earnings per share (EPS) were $0.93 versus $0.91 for the prior year; Adjusted EPS* was $1.00 versus $0.92 Cash flow from operating activities was $(119) million versus $(67) million for the prior year; Free cash flow* was $(182) million versus $(136) million Company updates full-year guidance for Organic revenue growth* and Adjusted EBIT margin*
CHICAGO--(BUSINESS WIRE)-- GE HealthCare (Nasdaq: GEHC) today reported... More
