Medtronic (MDT) Tops Q3 EPS by 3c; Bumps Guidance Higher

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Medtronic reports third quarter fiscal 2023 financial results

February 21, 2023 6:45 AM EST

Delivers top and bottom line ahead of expectations, with strength in Cardiovascular and Neuroscience portfolios

DUBLIN, Feb. 21, 2023 /PRNewswire/ -- Medtronic plc (NYSE: MDT) today announced financial results for its third quarter of fiscal year 2023, which ended January 27, 2023.

Key Highlights

Revenue of $7.7 billion was flat as reported and increased 4.1% organic, ahead of expectationsGAAP diluted EPS of $0.92 decreased 16%; non-GAAP diluted EPS of... More