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Trending News: C5 Capital and Sibanye-Stillwater to advance nuclear energy in South Africa, the United States and the worldOpinion: Why Nvidia investors are missing the forest for the treesAdani Group investor GQG Partners’ shares crash 25% — on pace for record lossAsian markets live: Nvidia results, Adani accusationsTaiwan Stock Exchange Could Extend Wednesday’s LossesHyundai all-electric Ioniq 9 three-row SUV revealedWhy Trump chose ‘Dr. Oz” to oversee Medicare, Medicaid could be “devastating”Billionaire Gautam Adani accused of fraud and corruption in New YorkSnowflake shares soar as software company’s prospects impressNvidia (NVDA) Q3 2025 Earnings ReportNVIDIA Corporation’s third-quarter profit rises, beating estimatesTrump-Fed risk of conflict ‘very high,’ says leading economistStock Market Today: Live UpdatesEx-div recall for Scotts Miracle-Gro (SMG)Williams-Sonoma shares – up nearly 28% – had just one better day than everSupply chain double whammy looms for U.S. economy in early 2025Marriott to open 2nd EDITION hotels in ShanghaiTarget stock is a notable loser after disappointing earnings reportSoftware firm Odoo hits $5.3 billion valuation in secondary share saleUS closes embassy in Kyiv, warning of potential ‘air attack’Prediction: Tilray Brands won’t be a cannabis company in 5 yearsLibas Consumer Products LimitedTraders reduce bets on Bank of England rate cut after UK inflation reboundsEuropean Central Banks warns of trade tension risks to financial stabilityDelta forecasts sales growth in 2025 thanks to ‘resilient economy’Cathie Wood Just Delivered Fantastic News for Bitcoin InvestorsDelta Air Lines sees opportunity in ‘premium consumer’ as it sets long-term financial goalsLibas Consumer Products LimitedNegotiated salaries in the euro zone increased by 5.42% in 3Q, compared to +3.54% in 2QWhat Trump’s return to the White House may mean for global bond yieldsDisney Treasure Cruise Ship Debuts; the fleet will double by 2031Why Institutions Could Make This Year Pivotal for CryptoSocial Security benefits get a 2.5% cost-of-living adjustment (COLA) in 2025. 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Thu. Nov 21st, 2024

Medtronic Plc Q2 Profit Increases, Beats Estimates


(RTTNews) – Medtronic plc (MDT) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings came in at $1.270 billion, or $0.99 per share. This compares with $909 million, or $0.68 per share, in last year’s second quarter.

Excluding items, Medtronic plc reported adjusted earnings of $1.620 billion or $1.26 per share for the period.

Analysts on average had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.2% to $8.403 billion from $7.984 billion last year.

Medtronic plc earnings at a glance (GAAP) :

-Earnings (Q2): $1.270 Bln. vs. $909 Mln. last year.
-EPS (Q2): $0.99 vs. $0.68 last year.
-Revenue (Q2): $8.403 Bln vs. $7.984 Bln last year.

-Guidance:
Full year EPS guidance: $5.44 to $5.50

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    • News Analyst

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