GE HealthCare Technologies Inc Common Stock

GEHC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$19.00	Fbmr	Ltqyqdj

GE HealthCare Earnings: Firm Lowers Guidance Slightly; Shares Remain Attractive

Jay Lee

Aug 2, 2024

Wide-moat GE HealthCare reported second-quarter earnings that were in line with our expectations. Revenue was $4.8 billion, or 1% year-on-year organic growth, with significant growth in pharmaceutical diagnostics. The company reduced its full-year guidance, updating its forecast for organic revenue growth to 1%-2% from 4% because of lower sales in China. We maintain our fair value estimate of $98 per share, and although the shares have rallied about 11% since the beginning of July, we think the current market price is still attractive.

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