.July 31, 2024 05:39:00 PM

GE HealthCare (NASDAQ:GEHC) shares rose over 2% after reporting second-quarter earnings exceeding expectations. Adjusted EPS was $1.00, $0.02 higher than anticipated, but revenue fell slightly short at $4.84 billion. The company cited challenges in the Chinese market for the revenue shortfall, leading to a revised full-year organic revenue growth forecast of 1% to 2%.

Despite struggles in China, GE HealthCare experienced positive developments in other regions, with strong order growth in the U.S. and margin expansion. CEO Peter Arduini expressed satisfaction with the company’s progress, noting year-over-year sales growth and margin improvements.