Medtronic beats quarterly profit estimates on strong heart, diabetes device sales
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Medtronic exceeded Wall Street's quarterly profit estimates due to strong sales of its heart and diabetes devices.
February 18, 2025 | 12:30 pm
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Medtronic reported better-than-expected quarterly profits, driven by strong sales in heart and diabetes devices, indicating robust demand in these segments.
The strong sales in heart and diabetes devices led to Medtronic surpassing profit estimates, which is likely to positively impact the stock price in the short term as it reflects strong demand and operational performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100