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MDT Medtronic PLC

79.75
-0.20 (-0.25%)
19 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Medtronic PLC NYSE:MDT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -0.25% 79.75 80.345 79.165 79.92 7,012,074 00:12:32

Medtronic Raises Full-Year Sales, Earnings Outlook

21/11/2023 12:42pm

Dow Jones News


Medtronic (NYSE:MDT)
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From Jun 2023 to Jun 2024

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By Will Feuer

 

Medtronic raised its full-year outlook for sales and adjusted earnings after the medical-device maker reported fiscal second quarter results that topped Wall Street analysts' expectations.

The company is now targeting fiscal-year organic revenue growth of 4.75%, up from 4.5%. Including the anticipated impact from currency fluctuations and other revenue, Medtronic said it anticipated organic growth of 2.6%.

The company also increased its fiscal-year adjusted earnings outlook to $5.13 a share to $5.19 a share, up from a prior range of $5.08 a share to $5.16 a share.

Chief Financial Officer Karen Parkhill cited the company's second-quarter performance and updated estimates for the impact of taxes and foreign currency on fiscal-year results in raising guidance.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

November 21, 2023 07:27 ET (12:27 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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