Medtronic

Medtronic Lowers Earnings Guidance. The Stock Is Falling.

by

Medtronic stock was falling Tuesday after the medical device maker missed fiscal second-quarter sales expectations and lowered its earnings guidance for the year. Medtronic (ticker: MDT) reported adjusted earnings of $1.30 a share on revenue of $7.59 billion in its fiscal second quarter, compared with adjusted earnings of $1.32 a share on revenue of $7.85 … Read more

Medtronic stock falls after profit beats expectations but revenue misses, and outlook is downbeat

by

Shares of Medtronic PLC MDT, +1.22% dropped 2.4% in premarket trading Tuesday, after the medical devices maker reported fiscal second-quarter profit that topped expectations but revenue that missed and provided a downbeat full-year outlook, citing weakness in procedure volumes in certain businesses and the pricing impact of procurement in China. Net income for the quarter … Read more