GE HealthCare (GEHC) is set to report earnings Wednesday morning, with analysts projecting revenue and profits to rise from the same time last year.
Analysts expect the former General Electric division to report $4.87 billion in revenue, narrowly above last year’s $4.82 billion, according to estimates compiled by Visible Alpha. Net income is expected to rise by a larger margin, about 22% to $458.34 million.
After the company said in April that it expected sales growth to be weighted to the back half of 2024, it said in July that macroeconomic headwinds in China led it to lower projections for full-year revenue growth.
GE HealthCare trimmed its full-year revenue forecast to a range of 1% to 2% growth, down from roughly 4% previously. Stimulus programs in China announced last month could help address some of the headwinds GE HealthCare said would hamper sales.
GE HealthCare has made a number of investments and partnershipsin …