GE HealthCare Technologies reports its first quarter as a newly public company on Jan. 30 . This is a milestone for the company, but its parent company, General Electric, just stole some of HealthCare's thunder.

General Electric (ticker: GE), on Tuesday, announced fourth-quarter results that included numbers for GE HealthCare (GEHC). That business was part of GE in the quarter before leaving the fold on Jan. 3.

In the final quarter of 2022, GE HealthCare generated about $5 billion in sales and took in about $5.3 billion in orders. Sales grew about 7% year over year while orders were flat.

Operating profit came in at $804 million for the fourth quarter, up from $762 million a year ago.

Operating-profit margins fell to 16.2% from 16.5% a year ago, but improved from the 15.4% in third quarter of 2022. GE HealthCare has been working through supply chain issues that increased costs. Investors should be pleased with improvement.

Looking ahead, GE HealthCare gave 2023 guidance earlier in January. The company expects to grow sales by about 6% in 2023, putting revenue at about $21 billion, up from the $19.9 billion generated in 2022. Operating profit should come in at about $3.2 billion, up from $2.7 billion generated in 2022.

Comparing the fourth-quarter numbers, and the outlook, to Wall Street estimates isn't easy. Only one analyst has launched coverage of the new company. On Jan. 19, Redburn analyst Ed Ridley-Day initiated coverage of GE HealthCare stock with a Buy rating. He doesn't have a price target for the stock, according to FactSet.

Ridley-Day projects about $20.6 billion in 2023 sales and $3 billion in operating profit. GE HealthCare's guidance is just ahead of those numbers.

That might be why GE HealthCare stock is up 1% after GE reported numbers. The S&P 500 and Dow Jones Industrial Average are both down about 0.3%.

GE stock is down about 0.5% following its earnings report. Despite the move lower, investors are still likely pleased with the quarter. Coming into Tuesday trading, shares were up about 22% year to date. They are still up about 21% year to date. GE HealthCare stock is up about 19% so far in 2023.

GE HealthCare will host an earnings conference call at 8 a.m. eastern time to discuss results. Investors and analysts won't have to focus on the numbers because they can ask management about business trends and other issues facing the company.