GE HealthCare rises after quarterly results beat

Shares of medical device maker GE HealthCare Technologies GEHC.O rise 6.8% to $72.71 premarket

Co posts Q1 adj. profit of $1.01 per share, beating analysts' avg estimate of 91 cents per share, according to data compiled by LSEG

Company reports Q1 revenue of $4.78 billion vs estimate of $4.66 billion

However, GEHC cuts its annual profit forecast to the range of $3.90-$4.10 per share vs previous forecast between $4.61 and $4.75 per share

Separately, co says it has also authorized a $1 billion share repurchase program

As of last close, GEHC has fallen 12.9% YTD