GE Healthcare has announced a new CEO:
https://beststocks.com/ge-healthcare-announces-new-cfo-james-jay-sac/
What are your thoughts on GE being split into various segements, especially this healthcare stock?
The stock is up nearly 30% since debut and GH Healthcare saw strong revenue growth across all of business segments.
Analysts projected earnings at 79 cents per share, down almost 22%, and an almost 7% revenue gain, to $4.63 billion. For the year, analysts were forecasting a 19.6% drop in earnings. Revenue was targeted at $19.2 billion, up 4.9% — below the low end of company guidance of 5% to 7% growth.Earnings came in at 85 cents a share, with revenue at $4.7 billion.
For the year, management maintained its guidance for 5% to 7% revenue growth. It pointed EBITDA (earnings before interest, taxes, depreciation and amortization) margins expectations to between 15% and 15.5%, a 50 to 100 basis-point year-over-year expansion.
Guidance for adjusted earnings also remained unchanged, targeting a range of $3.60 to $3.75, up 7% to 11%.
Any thoughts on this sector and also if GEHC is positioned well to invest in?
[link] [comments] https://www.reddit.com/r/stocks/comments/13fncfi/ge_healthcare_technologies_gehc_new_ceo/
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