Medtronic MDT reported a 40% rise in its fiscal second-quarter earnings.
Medtronic's quarterly profit surged to $902 million, or $0.89 per share, from a year-ago profit of $646 million, or $0.63 per share. Excluding one-time items, its adjusted earnings came in at $0.91 per share.
Its revenue rose 2.4% to $4.19 billion. However, analysts were projecting earnings of $0.90 per share on revenue of $4.18 billion.
Medtronic shares closed at $58.31 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in