GE HealthCare beats quarterly profit estimates on imaging device demand

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SaltWire's Atlantic regional weather forecast for October 31, 2023 | SaltWire - GE HealthCare Technologies Inc on Tuesday beat Wall Street expectations for third-quarter profit as a continued recovery in demand for surgical procedures boosted sales of its medical devices.

Larger peer Abbott Laboratories also topped its quarterly profit estimates, aided by a recovery in sales of its medical devices such as heart valves and pacemakers. On Oct. 16, U.S. health officials had lifted curbs on reimbursement of a non-invasive imaging test called amyloid PET used to diagnose Alzheimer's, providing broader access to PET scanners made by companies like GE HealthCare that were only accessible for use in limited spaces like clinical trials.

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