GE Healthcare growth, profit in Q1 drive GE recovery

By AuntMinnie.com staff writers

April 20, 2018 -- The strong performance of GE Healthcare in the first quarter of 2018 (end-March 31) helped temper another quarter of net loss for the parent company.

Revenue for GE Healthcare rose 9% to $4.702 billion, compared with $4.305 billion for the same quarter in 2017. Profit in the segment rose to $735 million, up 11% from $661 million for the same quarter in 2017, due to continued volume growth and productivity.

Overall, the GE parent company reported a net loss of $1.2 billion for the first quarter of 2018 as a result of legal charges from lawsuits tied to its discontinued U.S. mortgage business. However, growth throughout most of its sectors -- including healthcare, aviation, transportation, and renewables -- suggest performance progress, according to the company.


Copyright © 2018 AuntMinnie.com
 

To read this and get access to all of the exclusive content on AuntMinnie.com create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a AuntMinnie.com password?
No, I want a free membership.
Yes, I have a password:  
Forgot your password?
Sign in using your social networking account:
Sign in using your social networking
account: