Feb 20, 01:55 PM

Medtronic and Allegion Beat Q3 and Q4 Profit Estimates; Vertiv's Q4 Net Income Rises

Medtronic reported better-than-expected Q3 earnings with an adjusted EPS of $1.30 compared to an estimated $1.26 and revenue of $8.095 billion versus an estimated $7.95 billion. The company raised its FY adjusted EPS forecast to $5.19-$5.21 from $5.13-$5.19 due to strong demand for heart devices. Medtronic's market cap is $112.25 billion. Allegion also exceeded profit estimates in Q4, aided by higher demand and price hikes for its security systems in commercial buildings. Vertiv saw its Q4 net income rise to $232.6 million, with revenue reaching $1.87 billion, slightly below the analyst estimate of $1.89 billion.

#Medtronic #Allegion #Vertiv

Written with ChatGPT (GPT-3).

Sources

Reuters@Reuters
2 years ago
Garmin forecasts strong 2024 revenue, beats quarterly estimates https://t.co/191p46cpv2 https://t.co/pEsocKn5X7
PiQ@PiQSuite
2 years ago
⚠️ GARMIN FORECASTS STRONG 2024 REVENUE, BEATS QUARTERLY ESTIMATES (Reuters) Navigation device maker Garmin beat fourth-quarter earnings expectations and forecast full-year revenue above estimates on Wednesday, betting on strong growth in its auto and fitness businesses.… https://t.co/k9yGPw4pGH
Open Outcrier@OpenOutcrier
2 years ago
$VRT (-13.5% pre) Vertiv’s stock drops on missed revenue, and weaker-than-expected Q1 view - MW https://t.co/cIH6CDALlp

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