Medtronic Reports Fourth Quarter and Fiscal Year 2020 Financial Results; Announces Dividend Increase

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UPDATE: Medtronic (MDT) Misses Q4 EPS by 48c, Raises Dividend

May 21, 2020 6:46 AM EDT

(Updated - May 21, 2020 6:49 AM EDT)

Medtronic (NYSE: MDT) reported Q4 EPS of $0.58, $0.48 worse than the analyst estimate of $1.06. Revenue for the quarter came in at $6 billion versus the consensus estimate of $7.02 billion.

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.

Dividend Increase

The company... More