Medtronic (MDT) Tops Q2 EPS by 22c, Revenues Beat
Get Alerts MDT Hot Sheet
Revenue Growth %: -0.7%
Financial Fact:
Diluted earnings per share: 0.98
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Medtronic (NYSE: MDT) reported Q2 EPS of $1.02, $0.22 better than the analyst estimate of $0.80. Revenue for the quarter came in at $7.65 billion versus the consensus estimate of $7.07 billion.
- Q2 Revenue of $7.6 Billion Decreased 0.8% Reported and 1.5% Organic
- Q2 GAAP Diluted EPS of $0.36; Q2 Non-GAAP Diluted EPS of $1.02
"We're seeing a faster-than-expected recovery and approaching year-over-year growth. Our revenue growth is improving, our pipeline is advancing, and we're gaining share in an increasing number of businesses. At the same time, we're in the process of implementing our new operating model and augmenting our culture with a focus on market share and being bold," said Geoff Martha, Medtronic chief executive officer. "Despite the challenges posed by the pandemic, we're well positioned to accelerate growth over the medium- and long-term as we continue investing in and progressing a number of opportunities, creating value for society and our shareholders."
Guidance
Given the uncertainty on near-term financial results caused by the COVID-19 pandemic, the company is not providing formal annual or quarterly financial guidance at this time.
For earnings history and earnings-related data on Medtronic (MDT) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- Ladder Capital (LADR) Tops Q1 EPS by 4c
- California Water Service (CWT) Tops Q1 EPS by 111c
Create E-mail Alert Related Categories
Corporate News, Earnings, Hot Corp. News, Hot Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!