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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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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.


Image:GE Healthcare