GE Healthcare’s 3Q profit down 10 percent

Michael Walter | | Radiology Business | Economics

General Electric released its third-quarter earnings last week, and numbers show GE Healthcare’s profit and revenue are both down compared to 2014.

Third-quarter profit for GE Healthcare dropped 10 percent to $652 million, and revenue dropped 5 percent to $4.25 billion.

Overall, GE’s profit dropped 29 percent to $2.5 billion, and revenue dropped 1 percent to $31.7 billion.

Jeff Immelt, GE chairman and CEO, said in a statement that the company was still on track to meet its goals for 2015.

“Our portfolio transformation is happening at an unprecedented pace,” Immelt said. “We have a focused infrastructure business with leading capabilities in our markets. We are positioned to grow faster than our competitors, with a strong dividend. We are growing operating and gross profit margins, executing our cost-out initiatives, and making corporate smaller.”

GE’s statement also lists some of the company’s recent industrial deals, including its seven-year collaboration with Temple University Health System.

The full release can be read on the GE’s website.

Michael Walter
Michael Walter, Managing Editor

Michael has more than 18 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.

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