Medtronic shares are trading lower after the company issued weak guidance and announced the acquisition of EOFlow.
Portfolio Pulse from Benzinga Newsdesk
Medtronic issued weak guidance and announced the acquisition of EOFlow, causing its shares to trade lower.
May 25, 2023 | 3:08 pm
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NEGATIVE IMPACT
Medtronic's weak guidance and EOFlow acquisition announcement led to a decline in its share price.
The weak guidance issued by Medtronic indicates potential challenges in the company's performance, which negatively impacts investor sentiment. Additionally, the acquisition of EOFlow may raise concerns about integration and financial implications, further contributing to the decline in Medtronic's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100