Categories AlphaGraphs, Earnings, Health Care

Medtronic (MDT) Q1 2024 Earnings: Key financials and quarterly highlights

Medtronic plc (NYSE: MDT) reported first quarter 2024 earnings results today.

Worldwide revenue was $7.7 billion, up 4.5% on a reported basis and 6% on an organic basis, from the same period last year.

GAAP net income decreased 15% to $791 million while EPS fell 16% to $0.59 from last year. Adjusted EPS rose 6% to $1.20.  

The company raised its FY2024 organic revenue growth guidance to 4.5% versus the prior range of 4.0-4.5%. It also increased its adjusted EPS guidance to $5.08-5.16 from the prior range of $5.00-5.10.  

Prior performance

Most Popular

Nike (NKE) looks set to beat hurdles and build a brighter future

Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business

Electronic Arts (EA): A few points to keep in mind if you have an eye on this gaming company

Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as

Petros Pharma is focused on establishing mechanisms for Rx-to-OTC switch: CCO Fady Boctor

Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top