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Medtronic Earnings, Revenue Miss in Q4 -Breaking


© Reuters. In Q4, Revenue and Earnings at Medtronic Missed by the Company – Medtronic (NYSE: ) announced Thursday that the fourth quarter was below analysts’ expectations and that revenue fell short of forecasts.

Medtronic reported earnings per share at $1.52 on revenues of $8.09B. polled analysts and predicted EPS at $1.57 for revenue $8.44B.

Medtronic shares rose 2% in the first year. However, they are down 22.33% from their 52-week peak of $135.89 on September 9, 2021. They are outperforming the S&P 500 which is down 16.52% from the start of the year.

Medtronic reports on major healthcare industry earnings for this month

Medtronic’s earnings report comes after Novo Nordisk ADR, who on April 29 reported an earnings loss of $0.881 on $5.96B in revenue. This compares to the forecasts of $0.8828 and $5.96B revenue.

Pfizer beat all expectations with its first quarter earnings per share (EPS) of $1.62 on $25.66B in revenue, as compared to $1.49 for $24.1B revenue.

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