GE Healthcare (GEHC) Drops 7.8% on Slow Order Growth

We recently published 10 Stocks Hit by Painful Plunge. GE HealthCare Technologies Inc. (NASDAQ:GEHC) is one of the best-performing stocks on Wednesday.

GE HealthCare declined by 7.82 percent on Wednesday to close at $71.64 apiece as investors turned cautious over its market share loss and slow order growth despite recording an impressive earnings performance for the second quarter of the year.

In its earnings release, GE HealthCare Technologies Inc. (NASDAQ:GEHC) said attributable net income during the period dropped by 13.5 percent to $486 million from $428 million in the same period last year. Revenues, on the other hand, inched up by 3.5 percent to $5 billion from $4.8 billion year-on-year.

Source:pexels

Total company orders also increased by 3 percent, the softest as compared with its competitors.

For the six-month period, attributable net income increased by 31 percent to $1.05 billion from $802 million, while revenues grew by 59 percent to $9.78 billion from $9.49 billion.

For the full-year 2025, GE HealthCare Technologies Inc. (NASDAQ:GEHC) expects organic revenue growth to grow by 3 percent year-on-year, as compared with the 2-3 percent projected previously.