GE HealthCare Stock Plummets Following Q1 Earnings Miss

GE HealthCare Technologies reported lower-than-expected Q1 results, leading to a significant drop in stock value.

GE HealthCare Technologies reported a Q1 revenue of $4.6 billion, missing the expected $4.8 billion.
The company's stock fell over 12% after the earnings report, reflecting investor disappointment.
Despite the earnings miss, GE HealthCare reaffirmed its full-year guidance, expecting organic revenue growth of about 4%.
Net income for Q1 was $374 million, slightly up from the previous year, but below analyst expectations.
Investors are concerned about the company's valuation, with high price-to-earnings and free-cash-flow ratios.