Medtronic Earns 91 Cents Per Share

Medtronic ($MDT) just reported Q3 earnings of 91 cents per share which matched expectations. Revenues rose 3.4% to $4.16 billion which was $10 million more than forecast.

Medtronic also narrowed its full-year guidance from $3.80 – $3.85 per share to $3.81 – $3.83 per share. For the first three quarters of their fiscal year, MDT has earned $2.70 per share, so that implies fiscal Q4 earnings of $1.11 to $1.13 per share. Wall Street had been expecting $1.12 per share.

This was a good report. The stock is currently down about 2% but I doubt it will last.

Posted by on February 18th, 2014 at 9:44 am


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