GE HealthCare Q4 Preliminary Revenue Up About 7% To About $4.9 Bln
(RTTNews) - Providing preliminary unaudited revenue results for the fourth quarter and full year 2022 on Tuesday, GE HealthCare Technologies Inc. (GEHC), recently spun-off from General Electric Co. (GE), said revenue for the fourth quarter grew about 7 percent to about $4.9 billion from last year. Organic revenue growth was approximately 12 percent.
For fiscal 2022, revenue increased about 4 percent to about $18.3 billion from last year. Organic revenue growth was approximately 7 percent.
Looking ahead to fiscal 2023, the company also said it expects full-year organic revenue growth in the range of 5 to 7 percent.
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GE HealthCare Gets 510(k) Clearance From FDA For Portrait Mobile Monitoring Solution
GE HealthCare (GEHC) announced Monday it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Portrait Mobile wireless and wearable monitoring solution.
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GE HealthCare Q4 Profit Declines
Precision care innovator GE HealthCare Technologies, Inc., recently spun-off from General Electric Co., reported on Monday that profit for the fourth quarter declined from last year, reflecting higher interest and other financial charges. The company also initiated adjusted earnings guidance for the full-year 2023.
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US Employers Cut 28% More Jobs In January: Challenger Report
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Bank Of England Cuts Rate By 25 Bps, Sees Modest Growth In Q1
The Bank of England lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a bigger reduction citing the sluggish U.K. economy and the heightening uncertainty over trade tariffs. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to reduce the benchmark bank rate to 4.50 percent from 4.75 percent.
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Societe Generale Q4 Profit Surges, Sees Growth In FY25; Plans Dividend, Buyback; Stock Up
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U.S. Labor Productivity, Unit Labor Costs Jump Less Than Expected In Q4
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Bay Street Likely To Open On Firm Note
Canadian stocks look headed for a positive start Thursday morning, tracking firm European markets and higher crude oil prices amid slightly easing concerns about trade war and tariffs.
Investors are likely to focus on corporate earnings for direction.
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U.S. Weekly Jobless Claims Rise To 219,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended February 1st.
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