GE HealthCare Hits Record Backlog, Stock Jumps
GE HealthCare (GEHC) stock surged after Q2 earnings beat estimates, driven by strong imaging and diagnostics growth.
GE HealthCare made more money than people expected and has tons of orders waiting to be filled, which made investors excited about the company. When a company has a big backlog, it means customers want their products, so that's usually a sign the business is doing well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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