GE Healthcare shares sank Tuesday after the company's first-quarter sales and profits fell slightly short of the Wall Street consensus. The shortfall is disappointing, but the stock's steep sell-off is an overreaction and creates an opportunity for investors. Total revenue dipped 1% year over year to $4.65 billion, missing analysts' expectations of $4.8 billion, according to estimates compiled by LSEG. Adjusted earnings per share of $0.90 missed the LSEG estimate by 1 cent.
An examination with a CT scanner is prepared in the emergency room of the university hospital in Jena, Germany. The GE Healthcare scanner is called the Revolution CT.shares sank Tuesday after the company's first-quarter sales and profits fell slightly short of the Wall Street consensus. The shortfall is disappointing, but the stock's steep sell-off is an overreaction and creates an opportunity for investors.