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GE Healthcare Revenues Rise 4 Percent as Unit Profit Slides 1 Percent

Oct 12, 2007
NEW YORK (GenomeWeb News) — General Electric today said that revenues for its Healthcare business rose 4 percent as profit for the business slipped 1 percent.
 
Total Healthcare receipts for the three months ended Sept. 30 increased to around $4 billion from around $3.9 billion during the same period one year ago.
 
According to GE, Healthcare’s results were in line with expectations. Noting that its US imaging business "continues to face pressure from effects of the Deficit Reduction Act," the company said that “the balance of the Healthcare business is performing very well.”
 
Healthcare’s revenue for the period represents around 9.5 percent of GE’s overall revenue for the quarter, which increased 12 percent to $42.5 billion year over year. Total organic revenue business-wide increased 8 percent, the company said.
 
Healthcare’s profit slid 1 percent to $692 million from $699 million in the year-ago period.

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