Investing.com - Medtronic (NYSE:MDT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Medtronic announced earnings per share of $1.44 on revenue of $7.72B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $7.81B. That with comparison to EPS of $1.29 on revenue of $7.55B in the same period a year before.Medtronic had reported EPS of $1.31 on revenue of $7.71B in the previous quarter.Analysts are expecting EPS of $1.64 and revenue of $8.5B in the upcoming quarter.
Medtronic shares are up 3.42% from the beginning of the year and are trading at $117.33 , down-from-52-week-high.They are under-performing the S&P 500 which is up 4.18% year to date.
Medtronic follows other major Healthcare sector earnings this month
Medtronic's report follows an earnings beat by J&J on Wednesday, January 22, 2020, who reported EPS of $1.88 on revenue of $20.75B, compared to forecasts EPS of $1.87 on revenue of $20.8B.
Novartis ADR had beat expectations on Wednesday, January 29, 2020 with fourth quarter EPS of $1.32 on revenue of $12.4B, compared to forecast for EPS of $1.31 on revenue of $12.33B.
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