GE has good Q4 2005, highlights achievements in Healthcare
GE Healthcare (GEHC) reported last week $4.49 billion in revenue in Q4 2005, which is an improvement of 5 percent compared with $4.26 billion in 2005, GE said. The company also saw a rise in operating profit by 16 percent, up to $995 million from $860 million. Specifically, GE said it generated demand for orders in CT, ultrasound, and MR orders, with strong demand for the LightSpeed Volume CT scanner with more than $215 million in orders.
Following are other highlights from GE Healthcare for 2005:
  • GE Healthcare announced the 500th global installation of the LightSpeed VCT, making it the fastest selling product in the business' history;
  • The company launched the Discovery VCT, a volumetric PET/CT system at RSNA 2005; and
  • GE announced the FDA clearance of Lunar iDXA, a new bone mineral density system designed to help doctors detect, diagnose and monitor treatment of osteoporosis.
GEHC's parent company General Electric has reported record full-year 2005 earnings from continuing operations of $18.3 billion, an increase of up 12 percent and 10 percent from 2004. Full-year revenues from continuing operations were also a record $149.7 billion, up 11 percent, and cash flow from operations increased 42 percent to $21.6 billion during the year, the company said.