Medtronic (MDT) Tops Q3 EPS by 4c; raises FY24 Guidance

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Go back to Medtronic (MDT) Tops Q3 EPS by 4c; raises FY24 Guidance

Medtronic (MDT) gains after boosting full-year guidance

February 20, 2024 7:18 AM EST

Medtronic (NYSE: MDT) shares rose 4.25% after the medical device maker reported third-quarter earnings that topped analyst estimates and raised its revenue and earnings guidance for fiscal year 2024. The company's adjusted EPS of $1.30 was $0.04 higher than the consensus estimate of $1.26, while revenue for the quarter came in at $8.1 billion, surpassing the $7.95 billion expected by analysts.

The reported revenue marked a 4.7% increase on a... More