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GE HealthCare Beats Q1 Estimates but Lowers Annual Profit Forecast Due to Tariffs

The medical device maker adjusts its full-year EPS outlook and announces a $1 billion stock buyback, with shares rising over 6% in premarket trading.

The logo of GE Healthcare is seen on their plant in the IDA (Industrial Development Agency) estate, in Carrigtwohill, County Cork, Ireland March 28, 2025. REUTERS/Clodagh Kilcoyne/File Photo
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Overview

  • GE HealthCare posted Q1 adjusted earnings per share of $1.01 on $4.78 billion in revenue, surpassing analysts' expectations of $0.92 EPS and $4.66 billion in revenue.
  • The company revised its full-year adjusted EPS forecast to $3.90–$4.10, down from $4.61–$4.75, citing an $0.85-per-share impact from escalating global tariffs.
  • Newly imposed tariffs include U.S.-China bilateral duties, levies on Mexico and Canada, and anticipated global reciprocal tariffs returning to pre-pause levels by July.
  • The board approved a $1 billion stock buyback plan, signaling confidence in the company's long-term value despite trade-policy challenges.
  • Shares rose over 6% in premarket trading following the earnings report and buyback announcement, reflecting positive market reception.