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Medtronic’s stock drops on inventory hiccup and revenue miss

Summary by MarketWatch
Medtronic said it is “starting to see the results” of its investment in new products.

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MarketWatchMarketWatch

Medtronic’s stock drops on inventory hiccup and revenue miss

Medtronic said it is “starting to see the results” of its investment in new products.

·United States
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Wall Street PitWall Street Pit

Medtronic Sinks on Sales Miss - What Went Wrong? - Wall Street Pit

Medtronic (MDT) saw its stock drop 8% to $85.06 after Q3 earnings slightly missed Wall Street's revenue target, reporting $8.29 billion against $8.33 billion expected. Despite the revenue shortfall, Medtronic beat EPS estimates by $0.02 at $1.38 per share and reaffirmed its FY25 EPS guidance at $5.44 to $5.50, aligning…

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Medical Device NetworkMedical Device Network

Medtronic stock down 5% as surgical unit offsets ablation and diabetes growth

Medtronic tops profit expectations but misses revenue target from analysts.The post Medtronic stock down 5% as surgical unit offsets ablation and diabetes growth appeared first on Medical Device Network.

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Medical Device Network broke the news in on Tuesday, February 18, 2025.
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