Medtronic Beats Estimates and Boosts Outlook on Heart, Diabetes Device Sales
MDTMedtronic(MDT) Investopedia·2024-02-21 03:32

Key TakeawaysBetter-than-expected sales of heart and diabetes devices helped Medtronic beat fiscal third-quarter profit and sales estimates.The medical devices firm also raised its full-year outlook for the current fiscal year that will end in late April.Medtronic said it was exiting its money-losing ventilator business and combining the remaining parts of its Patient Monitoring and Respiratory Interventions division into one unit.Shares of Medtronic PLC (MDT) gained Tuesday after the medical technology fir ...