Categories AlphaGraphs, Earnings, Health Care
MDT Earnings: Highlights of Medtronic’s Q4 2022 results
Medical device maker Medtronic plc (NYSE: MDT) has reported an increase in profit for the fourth quarter of 2022, despite a modest decline in revenues.
The company said revenues declined 1% year-over-year to $8.1 billion in the final three months of fiscal 2022. The top line was hurt by weakness in the Medical-Surgical and Neurosciences divisions, which more than offset positive performance by the Cardiovascular segment.
Meanwhile, adjusted earnings increased 2% to $1.52 per share. Reported net income, including special items, was $1.49 billion or $1.10 per share, compared to $1.36 billion or $1.00 per share in the fourth quarter of 2021.
Read management/analysts’ comments on quarterly reports
“We remain keenly focused on delivering innovation-driven growth with a robust pipeline of technologies in fast-growing markets, and we’re committed to creating strong shareholder value through strategic capital allocation and active portfolio management,” said Geoff Martha, chief executive officer of Medtronics.
Stocks you may like:
What to expect when Signet Jewelers (SIG) reports Q1 earnings
Shares of Signet Jewelers Limited (NYSE: SIG) were over 3% on Monday. The stock has dropped 13% over the past 3 months. The jewelry retailer is set to report its
MDB Infographic: Highlights of MongoDB’s Q1 2024 earnings report
Software company MongoDB, Inc. (NASDAQ: MDB) has announced financial results for the first quarter of 2024, posting an increase in revenues and adjusted profit. The company reported a 29% increase
Campbell Soup to report Q3 results Wednesday. Here’s what to expect
Campbell Soup Company (NYSE: CPB) is coming out of a rough patch after the packaged food company's sales and earnings got affected by the pandemic, due to the widespread movement