Investing.com - Medtronic (NYSE:MDT) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Medtronic announced earnings per share of $1.5 on revenue of $8.19B. Analysts polled by Investing.com anticipated EPS of $1.42 on revenue of $8.14B.
Medtronic shares are up 7% from the beginning of the year and are trading at $126.27 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.71% from the start of the year.
Medtronic follows other major Healthcare sector earnings this month
Medtronic's report follows an earnings beat by Pfizer on Tuesday, May 4, 2021, who reported EPS of $0.93 on revenue of $14.58B, compared to forecasts EPS of $0.7759 on revenue of $13.65B.
AbbVie had beat expectations on Friday, April 30, 2021 with first quarter EPS of $2.95 on revenue of $13.01B, compared to forecast for EPS of $2.81 on revenue of $12.77B.
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