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GE HealthCare: Q1 Earnings Snapshot

CHICAGO (AP) — CHICAGO (AP) — GE HealthCare Technologies Inc. (GEHC) on Wednesday reported first-quarter earnings of $389 million.

On a per-share basis, the Chicago-based company said it had net income of 85 cents. Earnings, adjusted for one-time gains and costs, came to 99 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The medical technology company posted revenue of $5.13 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $5.05 billion.

GE HealthCare expects full-year earnings in the range of $4.80 to $5 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEHC at https://www.zacks.com/ap/GEHC

Lonnie Bunch to retire from Smithsonian leadership following clash with Trump administration

WASHINGTON (AP) — Lonnie Bunch is stepping down from the leadership of the Smithsonian Institution following a tumultuous year in which President Donald Trump tried to remake the portrayal of U.S. history by the Smithsonian museums and other cultural entities. Bunch said in a news release Tuesday that he was departing the position he had held since 2019 “with very mixed emotions and heartfelt gratitude.” The Smithsonian said he would leave the post at the end of the year. Bunch’s departure comes two months after a White House report branded the leaders of the Smithsonian Institution, especially at the National Museum of American History, as radical activists who cannot be trusted, an indication that Trump could be preparing to install his own team. Anthea M. Hartig, the first female director of that museum, faced growing scrutiny from Trump and other Republicans over the summer after the White House Domestic Policy Council’s report saying the museum’s leadership doesn’t tell history “in a way that is inspiring, unifying, and worthy of our great republic.”
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