Medtronic Plc beats profit estimates, raises 2020 forecast again [Reuters]
Medtronic plc. Ordinary Shares (MDT)
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am
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Source: Reuters
Medtronic Plc beats profit estimates, raises 2020 forecast again - Reuters 2 Min Read (Reuters) - Medical device maker Medtronic Plc ( MDT.N ) beat analysts’ estimates for quarterly profit and raised its full-year earnings forecast for the second time on Tuesday, boosted by strong performance in its unit that makes surgical instruments. The world’s largest standalone medical device maker has been beefing up its minimally invasive and robotic surgery device businesses through acquisitions to make up for slowing growth in its top-earning unit that makes stents and heart pumps. The minimally invasive therapies business, which makes surgical instruments and endoscopy products, brought in revenue of $2.14 billion, ahead of analysts’ average estimate of $2.13 billion, according to IBES data from Refinitiv. But its cardiac and vascular unit missed estimates for revenue. The business reported revenue of $2.86 billion, while analysts had expected $2.87 billion. Net sales rose 3% to $7.71 bil
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MDT
Earnings
- 2/20/24 - Miss
MDT
Sec Filings
- 4/9/24 - Form 4
- 3/7/24 - Form 4
- 2/27/24 - Form 10-Q
- MDT's page on the SEC website