GE HealthCare shares tumble after profit miss and guidance cut Proactive uses images sourced from Shutterstock
GE Healthcare Technologies Inc (NASDAQ:GEHC) shares fell sharply on Wednesday after the medical imaging company reported first-quarter earnings that missed Wall Street expectations and trimmed its full-year profit and margin outlook, citing supply chain pressures and elevated costs.
Shares were down approximately 12.8% in morning trading.
The company posted first-quarter adjusted earnings per share of $0.99, falling short of the analyst consensus estimate of $1.06.
Adjusted EBIT came in at $691 million, compared with the $734.5 million analysts had expected, as margin pressures weighed on the bottom line.
Revenue for the quarter reached $5.13 billion, edging past the $5.03 billion estimate, with growth supported by steady demand in the Imaging and Ultrasound segments.
GE HealthCare lowered its full-year 2026 adjusted EPS guidance to a range of $4.80 to $5.00, down from a prior outlook of $4.95 to $5.15. The company also cut its adjusted EBIT margin forecast to between 15.1% and 15.4%, compared with the previous range of 15.8% to 16.1%, as supply chain costs and global pricing dynamics continued to weigh on profitability.
The company maintained its organic revenue growth outlook at 3% to 4%, in line with the analyst estimate of 3.62%.
GE HealthCare said it continues to advance its “Precision Care” strategy and artificial intelligence integrations as it navigates near-term macroeconomic headwinds.