GE HealthCare Technologies stock jumps on revenue news
GE HealthCare Technologies’ shares rose significantly on Wednesday
That only after the company issued preliminary results for the fourth quarter and foretasted continued organic revenue growth in the year ahead.
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GE HealthCare Technologies' shares rose Wednesday after the company issued preliminary results for the fourth quarter and forecasted continued organic revenue growth in the year ahead.#Health #stocks pic.twitter.com/ZJyX9XwjGI
— The_Journalbiz (@the_journalbiz) January 11, 2023
FactSeT chart on GE HelathCare stock fluctuation
The company, which completed its spinoff from General Electric last week, said it expects 2023 organic revenue to grow by 5% to 7% from 2022 levels. In 2022, organic revenue grew by about 7%, the company said.
The stock was recently up about 8%, making it the best performer on the S&P 500. It’s on path to set a record close, beating the high of $60.49 set on Jan. 4, its first day of trading, according to Dow Jones Market Data.
