GE Healthcare's Stock Tumbles After Revenue Miss, Free Cash Flow Turns More Negative

Dow Jones07-31

Shares of GE Healthcare Technologies Inc. $(GEHC)$ tumbled 8% in premarket trading Wednesday, after the medical technologies and diagnostics company reported second-quarter revenue that missed expectations and cash flow that was more negative.

Net income rose to $428 million, or 93 cents a share, from $418 million, or 91 cents a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.00 beat the FactSet consensus of 98 cents. Revenue grew 0.5% to $4.84 billion, but was below the FactSet consensus of $4.88 billion, as sales of products slipped 0.2% to $3.21 billon and services sales were up 1.7% to $1.63 billion.

Free cash flow for the quarter was negative $182 million, compared with negative $136 million from a year ago. Looking ahead, the company kept its full-year guidance for adjusted EPS guidance at $4.20 to $4.35 and for free cash flow at approximately $1.8 billion. The stock has gained 6.9% year to date through Tuesday, while the Health Care Select Sector SPDR ETF $(XLV)$ has climbed 10.1% and the S&P 500 index has advanced 14%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2455218382?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-31 18:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2455218382","market":"nz","top_or_hot":-1,"title":"GE Healthcare's Stock Tumbles After Revenue Miss, Free Cash Flow Turns More Negative","media":"Dow Jones","content":"<p>Shares of GE Healthcare Technologies Inc. <a href=\"https://laohu8.com/S/GEHC\">$(GEHC)$</a> tumbled 8% in premarket trading Wednesday, after the medical technologies and diagnostics company reported second-quarter revenue that missed expectations and cash flow that was more negative. </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/81688d801459fd4ab7bec1871ff8e879\" tg-width=\"409\" tg-height=\"387\"></p><p>Net income rose to $428 million, or 93 cents a share, from $418 million, or 91 cents a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.00 beat the FactSet consensus of 98 cents. Revenue grew 0.5% to $4.84 billion, but was below the FactSet consensus of $4.88 billion, as sales of products slipped 0.2% to $3.21 billon and services sales were up 1.7% to $1.63 billion. </p><p>Free cash flow for the quarter was negative $182 million, compared with negative $136 million from a year ago. Looking ahead, the company kept its full-year guidance for adjusted EPS guidance at $4.20 to $4.35 and for free cash flow at approximately $1.8 billion. The stock has gained 6.9% year to date through Tuesday, while the Health Care Select Sector SPDR ETF <a href=\"https://laohu8.com/S/XLV\">$(XLV)$</a> has climbed 10.1% and the S&amp;P 500 index has advanced 14%.</p><p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GE Healthcare's Stock Tumbles After Revenue Miss, Free Cash Flow Turns More Negative</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGE Healthcare's Stock Tumbles After Revenue Miss, Free Cash Flow Turns More Negative\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-31 18:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of GE Healthcare Technologies Inc. $(GEHC)$ tumbled 8% in premarket trading Wednesday, after the medical technologies and diagnostics company reported second-quarter revenue that missed ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GEHC","symbol_name":"GE HEALTHCARE TECHNOLOGIES INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2455218382","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455218382","pubTimestamp":1722422760,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of GE Healthcare Technologies Inc.  tumbled 9.3% in premarket trading Wednesday, after the medical technologies and diagnostics company reported second-quarter revenue that missed expectations and cash flow that was more negative. Net income rose to $428 million, or 93 cents a share, from $418 million, or 91 cents a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.00 beat the FactSet consensus of 98 cents. Revenue grew 0.5% to $4.84 billion, but was below the FactSet consensus of $4.88 billion, as sales of products slipped 0.2% to $3.21 billon and services sales were up 1.7% to $1.63 billion. Free cash flow for the quarter was negative $182 million, compared with negative $136 million from a year ago. Looking ahead, the company kept its full-year guidance for adjusted EPS guidance at $4.20 to $4.35 and for free cash flow at approximately $1.8 billion. The stock has gained 6.9% year to date through Tuesday, while the Health Car","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GEHC":"GE HEALTHCARE TECHNOLOGIES INC","XLV":"健康照护类股ETF-SPDR"},"translate_title":"GE Healthcare股价因营收未达预期而暴跌，自由现金流变得更加负值","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GEHC":0.9,"XLV":0.9},"content_text":"Shares of GE Healthcare Technologies Inc. $(GEHC)$ tumbled 8% in premarket trading Wednesday, after the medical technologies and diagnostics company reported second-quarter revenue that missed expectations and cash flow that was more negative. Net income rose to $428 million, or 93 cents a share, from $418 million, or 91 cents a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.00 beat the FactSet consensus of 98 cents. Revenue grew 0.5% to $4.84 billion, but was below the FactSet consensus of $4.88 billion, as sales of products slipped 0.2% to $3.21 billon and services sales were up 1.7% to $1.63 billion. Free cash flow for the quarter was negative $182 million, compared with negative $136 million from a year ago. Looking ahead, the company kept its full-year guidance for adjusted EPS guidance at $4.20 to $4.35 and for free cash flow at approximately $1.8 billion. The stock has gained 6.9% year to date through Tuesday, while the Health Care Select Sector SPDR ETF $(XLV)$ has climbed 10.1% and the S&P 500 index has advanced 14%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455218382"}