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| 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 | |
|---|---|---|---|---|---|---|---|---|
| -0.41 | -0.51% | 80.00 | 80.23 | 79.17 | 79.49 | 5,737,600 | 00:16:22 |
From Jun 2023 to Jun 2024
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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