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Investing.com – Medtronic reported on Tuesday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Medtronic announced earnings per share of $1.44 on revenue of $7.72B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $7.81B. That with comparison to EPS of $1.29 on revenue of $7.55B in the same period a year before. Medtronic had reported EPS of $1.31 on revenue of $7.71B in the previous quarter. Analysts are expecting EPS of $1.64 and revenue of $8.5B in the upcoming quarter.
Medtronic shares are up 3.42% from the beginning of the year , still down 3.95% from its 52 week high of $122.15 set on January 22. They are under-performing the S&P 500 which is up 4.18% year to date.
Medtronic follows other major Healthcare sector earnings this month
Medtronic’s report follows an earnings beat by J&J on January 22, who reported EPS of $1.88 on revenue of $20.75B, compared to forecasts EPS of $1.87 on revenue of $20.8B.
Novartis ADR had beat expectations on January 29 with fourth quarter EPS of $1.32 on revenue of $12.4B, compared to forecast for EPS of $1.31 on revenue of $12.33B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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