Medtronic Beats EPS Estimates, Revenue Grows in Q3

Medtronic plc's earnings surpass Wall Street expectations, with a notable revenue growth of 2.5%. The company's strong earnings per share data indicates a positive outlook for investors.

Date: 18-02-2025

AI Rating: 7

Earnings Per Share (EPS): Medtronic reported an EPS of $1.01 for the third quarter, exceeding last year’s EPS of $0.99. Adjusted earnings showed an even stronger performance with $1.39 per share, above the analysts' expectation of $1.36 per share. This surpassing of expectations is a strong signal of the company's profitability.

Revenue Growth: The company reported a revenue increase of 2.5% to $8.292 billion compared to $8.089 billion last year. This growth in revenue reflects positively on the company’s ability to generate income and manage operational performance effectively.

Guidance: For full-year guidance, Medtronic expects an EPS in the range of $5.44 to $5.50, which also indicates management's confidence in continued operational success.

Stocks: MDT