GE Healthcare's first-quarter profit, revenue up

GE Healthcare announced Friday that first-quarter profit increased 2 percent versus the prior-year period to $643 million, "driven by volume and cost productivity partially offset by price." Sales in the quarter grew 3 percent to $4.3 billion, with revenue from healthcare systems up 3 percent and life sciences rising 5 percent.

During the quarter, GE Healthcare said that orders rose 8 percent to $4.5 billion, which included a 28-percent rise in China, a 16-percent increase in the Middle East and 14-percent growth in Latin America. Meanwhile, orders lifted 5 percent in Europe and rose 2 percent in the US.

"GE had a good quarter in a slow-growth and volatile environment," remarked CEO Jeffrey Immelt.

Did you like this article?