Oct 29 (Reuters) - GE HealthCare Technologies ( GEHC )
raised its annual adjusted profit forecast and beat estimates
for third-quarter results on Wednesday, powered by strong demand
for its medical devices in the United States and the Europe,
Middle East, and Africa region.
Over the past couple of years, medical device makers have
benefited from more people, particularly older Americans,
seeking healthcare services and surgical procedures.
The company now expects 2025 adjusted profit of $4.51 to
$4.63 per share, 4 cents higher at the midpoint than its
previous expected range of $4.43 to $4.63.
It reiterated expectations of a $265 million, or
45-cents-per-share, impact this year from President Donald
Trump's tariffs.
But the estimate now includes the administration's 50%
levies on India and certain tariffs on copper, steel and
aluminum derivatives, GE HealthCare ( GEHC ) said on Wednesday.
Revenue in the imaging devices unit - the largest of its
four segments - rose 5% to $2.35 billion in the third quarter.
Its other three businesses are advanced visualization
solutions, patient care solutions and pharmaceutical
diagnostics.
Total quarterly sales came in at $5.14 billion, compared
with analysts' average estimate of $5.08 billion, according to
data compiled by LSEG.
Sales in China fell 3% to $547 million, still under pressure
from business disruptions tied to Beijing's anti-corruption
crackdown on the healthcare sector, as well as delays in
economic stimulus.
On an adjusted basis, GE HealthCare ( GEHC ) earned $1.07 per share
during the quarter ended September 30, higher than estimates of
$1.05 per share, but down 6 cents from last year due to a hit
from tariffs.