What You Need To Know Ahead of GE HealthCare's Earnings

Key Metric: Revenue

Investors will apt beryllium watching nan wellness of GE HealthCare's sales, aft a surprise drop successful first-quarter gross from nan year-ago period. The news sent shares tumbling 14% successful a azygous convention successful April.

However, nan institution affirmed its full-year guidance contempt lackluster first-quarter results, arsenic CEO Peter Arduini said overmuch of GE HealthCare's maturation could travel successful nan 2nd half of nan year.

Business Spotlight: AI Initiatives

In its net report, GE HealthCare could supply much specifications connected its investments successful nan AI abstraction aft it precocious announced an acquisition and business to boost its AI capabilities.

The institution said this week it would partner pinch Amazon (AMZN) Web Services and its Bedrock offering of AI models to "deliver wholly new, purpose-built instauration models designed to fast-track nan improvement of innovative healthcare applications."

Earlier this month, GE HealthCare besides announced nan acquisition of nan AI package business of Intelligent Ultrasound Group for astir $51 million, expecting nan woody to adjacent by nan extremity of nan 4th quarter. The institution said adding nan business will thief "improve workflows and heighten ease-of-use for nan use of clinicians and patients."

GE HealthCare shares person mislaid astir 9.5% of their worth since nan company's first-quarter net miss, though they've gained 4% since nan commencement of 2024 astatine $80.50 arsenic of Friday's close.