Ge Healthcare I reported first -quarter results better than expected on Wednesday, but the company reduced its annual prognosis to account for the impact of the “reciprocal” tariff policy of President Donald Trump.
The shares of Ge Healthcare closed 3% on Wednesday.
This is how the company did:
- Profit per action: $ 1.01 adjusted compared to 91 cents expected by LSE.
- Revenue: $ 4.78 billion compared to $ 4.66 billion expected by LSE.
Income increased 3% year after year from $ 4.65 billion. Ge Healthcare reported a net income of $ 564 million, or $ 1.23 per share, compared to $ 374 million, or 81 cents per share, during the same period last year.
The figure of EPS adjusted by Ge Healthcare is the result of adding as costs of non -operational benefits, restructuring costs and investment assessments, among other things.
For his full year, Ge Healthcare said he hopes to inform the gains adjusted in the range of $ 3.90 to $ 4.10 per share, which is a decrease of 13% to 9% of his guide the last quarter. The company said the range includes approximately 85 cents per action of the tariff impact.
“Regarding the current world commercial environment, we are actively promoting mitigation actions,” said the CEO of Ge Healthcare, Peter Arduini, in a statement. “We continue to see a strong demand from customers in many of the markets we serve and we are well positioned to generate a long -term value as we invest in future innovation.”
The actions of Ge Healthcare for a period of one month.
GE Healthcare sells a range of medical technology, pharmaceutical diagnosis, image solutions, artificial intelligence tools and data analysis solutions. The company manufactures its products in 20 countries and serves customers in more than 160 nations worldwide, according to its website.
On April 2, Trump presented his tariff policy, which initially established an initial tax of 10% in almost all countries, although many nations such as China, Vietnam and Taiwan were subject to much more pronounced rates. Days later, Trump left those more pronounced 10% rates for 90 days to allow commercial negotiations with those countries.
China remains a remarkable exception, since Trump has imposed 145% cumulative tariffs on Chinese products this year. This takes the total tariffs to some products from China to 245%, according to an information sheet published by the White House.
Ge Healthcare has a substantial presence in China, and Arduini told investors on Wednesday that the company has assumed “conservatively” that bilateral tariffs of the United States and China will represent 75% of its impact of total net rate.
The company announced in February that Johnson and Johnson Veteran Will Song will lead his Chinese business as CEO from July.
