Categories AlphaGraphs, Earnings, Health Care

Medtronic (MDT) Q2 2024 adj. earnings decline despite revenue growth

Medical device maker Medtronic plc (NYSE: MDT) reported a decline in adjusted earnings for the second quarter of 2024, despite an increase in revenues.

Medtronic Q2 2024 earnings infographic

Second-quarter earnings, adjusted for special items, dropped 4% annually to $1.25 per share. Meanwhile, unadjusted net profit more than doubled to $909 million or $0.68 per share during the three-month period.

All four operating segments expanded in the October quarter, driving up total revenues to about $8 billion. The management expects organic revenue to grow 4.75% in fiscal 2024.

Prior Performance

  • Medtronic Q4 2022 earnings infographic

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