** 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
(Reporting by Siddhi Mahatole)
((siddhi.mahatole@thomsonreuters.com))
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