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GE’s dismal earnings a warning for medical device companies
Seeking Alpha, April 21, 2008
General Electric shocked Wall Street with its first disappointing earnings report in years, and some say GE Healthcare's 17% drop in first quarter profits on a slight revenue decline should be giving investors in medical device companies pause. GE's explanation is that "Healthcare earnings were impacted by a difficult U.S. environment and continued regulatory shipping restrictions on the surgical supplies business."
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