GE HealthCare beats on earnings, slashes full year outlook due to tariffs

GE HealthCare reported better-than-expected first-quarter results on Wednesday, but the company slashed its annual forecast to account for the impact of President Donald Trump's far-reaching reciprocal tariff policy. Shares of GE HealthCare were up 3% Wednesday. Here's how the company did: Earnings per share: $1.01 adjusted vs. 91 cents expected by LSEG. $1.01 adjusted vs. 91 cents expected by LSEG. Revenue: $4.78 billion vs. $4.66 billion expected by LSEG. Revenue increased 3% year over year from $4.65 billion. GE HealthCare reported net income of $564 million, or $1.23 per share, up from $374 million, or 81 cents per share, during the same period last year. For its full year, GE HealthCare said it expects to report adjusted earnings in the range of $3.90 to $4.10 per share, which is a decline of 13% to 9% from its guide last quarter. The company said the range includes roughly 85 cents per share of tariff impact. "Regarding the current global trade environment, we are actively ... Read full article.