Medtronic Q1 Adj. EPS $1.20 Beats $1.11 Estimate, Sales $7.70B Beat $7.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Medtronic (NYSE:MDT) reported Q1 earnings of $1.20 per share, beating the analyst consensus estimate of $1.11 by 8.11%. This is a 6.19% increase from the same period last year. The company also reported quarterly sales of $7.70 billion, beating the analyst consensus estimate of $7.57 billion by 1.74%, a 4.49% increase from the same period last year.
August 22, 2023 | 10:45 am
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POSITIVE IMPACT
Medtronic's Q1 earnings and sales beat analyst estimates, indicating a positive financial performance.
Medtronic's better-than-expected Q1 earnings and sales indicate a strong financial performance, which is likely to positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100