Earnings

Medtronic beats profit estimates and raises its 2020 forecast again

Source: Medtronic

Medical device maker Medtronic reported a 22.3% jump in quarterly profit on Tuesday, buoyed by higher sales in its surgical instruments and restorative therapies businesses.

Net income attributable to the company rose to $1.36 billion, or $1.01 per share, in the second quarter ended Oct. 25, from $1.12 billion, or 82 cents per share, a year earlier.

Net sales rose to $7.71 billion from $7.48 billion.

Products You May Like

Articles You May Like

Boomers And Seniors Finding Great Benefits From Smart Home Technology
Buy a Monet instead of a Treasury? Art has shown long-term returns that rival bonds
Get Your Priorities In Order, Illinois
UK Labour would deliver first budget on February 5: McDonnell
Billionaire businessman Ken Langone talks about stocks he likes, including JP Morgan and GE

Leave a Reply

Your email address will not be published. Required fields are marked *