Medtronic dips on miss and lower guidance from slow procedure and supply recovery
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Medtronic (MDT) stock hit with 2 downgrades after disappointing results, guidance
November 23, 2022 8:17 AM ESTAt least two sell-side analysts cut their rating on Medtronic (NYSE: MDT) stock on Wednesday after the companys shares closed over 5% lower yesterday following disappointing earnings.
Medtronic cut its full-year profit guidance to reflect macro pressure and FX headwinds. The company also reported a drop in revenues of 3.3% year-over-year.
Slower than predicted procedure and supply recovery drove revenue below our expectations this quarter,... More
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Medtronic (MDT) Tops Q2 EPS by 2c; Guides FY23 EPS Below the Street
November 22, 2022 6:49 AM ESTMedtronic (NYSE: MDT) reported Q2 EPS of $1.30, $0.02 better than the analyst estimate of $1.28. Revenue for the quarter came in at $7.6 billion versus the consensus estimate of $7.7 billion.
GUIDANCE:
Medtronic sees FY2023 EPS of $5.25-$5.30, versus the consensus of $5.53. The company... More
