Medtronic (NYSE: MDT) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The medical equipment company posted third-quarter revenue of $7.8 billion, up 1% year-over-year and in line with the Wall Street projection. Meanwhile, net income of $1.29 per share was higher than the target that analysts had anticipated.
MDT shares were down 0.8% immediately following the announcement. The stock has increased a modest 4% over the past 12 months.
“Looking ahead, we’re positioning ourselves for long-term success as we implement our new operating model and execute on a number of large opportunities to win share and create and disrupt big markets,” CEO Geoff Martha said in a statement.
Prior performance
Most Popular
Lyft (LYFT) expects average ride volumes to improve through Q1 2021
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
With new strategy in place, Target looks poised to tap growing online demand
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Infographic: Dollar Tree’s (DLTR) performance in Q4
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company
