
Medtronic PLC reported its second-quarter earnings, revealing a revenue of $8.40 billion, which represents a year-over-year increase of 5.25% and exceeds expectations by $133 million. The company's earnings per share (EPS) for the quarter stood at $1.26, also beating estimates by $0.01. Despite surpassing quarterly expectations, Medtronic's stock experienced a decline, approaching sell zone territory, attributed to a supplier issue. In addition, the company raised its fiscal 2025 non-GAAP diluted EPS guidance to a range of $5.44 to $5.50, up from the previous range of $5.42 to $5.50. For the third quarter, Medtronic anticipates an EPS between $1.35 and $1.37, reflecting a positive outlook amid sustained demand for its medical devices in the United States.
Medtronic lifts annual profit view on steady demand for medical devices https://t.co/gnLkOUZKcA https://t.co/slV1eQ5Y4w
Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United States. https://t.co/xyUNueGdy1 https://t.co/xyUNueGdy1
Medtronic $MDT has released its quarterly earnings. Revenue of $8.40B (+5.25% YoY) beats by $133M. EPS of $1.26 (+0.80% YoY) beats by $0.01.

