Connect with us

Business

This Medical Stock Just Retook Its Buy Point On Unexpected Earnings Beat – Investor’s Business Daily

Medtronic stock rose Tuesday after the company beat Wall Street’s quarterly profit estimates, but sales were just in line on the continued pandemic impact.

Published

on

Article feature image
ADVERTISEMENT

Medtronic stock inched higher Tuesday after the medical technology giant beat Wall Street’s quarterly profit estimates, but sales were just in line on the continued pandemic impact.
XFor the fiscal third quarter ended Jan. 29, Medtronic (MDT) reported adjusted earnings of $1.29 a share on $7.775 billion in sales.
Earnings declined 10%, but that was better than FactSet’s call for $1.15 per share. Sales grew 0.8% on a strict as-reported basis. Organically, sales ticked down 1%. That adjusts for a…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Zoom pops as company beats expectations and issues strong guidance – CNBC
Article feature image
Reese’s announces all peanut butter, chocolate-free peanut butter cup – Fox News
Column: Biden criticizes Amazon’s anti-union campaign – Los Angeles Times