CHICAGO (AP) — CHICAGO (AP) — GE HealthCare Technologies Inc. (GEHC) on Thursday reported fourth-quarter profit of $720 million.
On a per-share basis, the Chicago-based company said it had net income of $1.57. Earnings, adjusted for one-time gains and costs, came to $1.45 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The medical technology company posted revenue of $5.32 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $5.33 billion.
For the year, the company reported profit of $1.99 billion, or $4.34 per share. Revenue was reported as $19.67 billion.
GE HealthCare expects full-year earnings in the range of $4.61 to $4.75 per share.
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