Medtronic plc (MDT) posted wider-than-expected fiscal Q4 results driven by top-line growth. The medical device company also increased its quarterly cash dividend. The company reported that Q4 adjusted earnings more than doubled to $1.50 per share on a year-over-year basis, coming in well ahead of analysts’ expectations of $1.42 per share. Adjusted revenue surged 32% to $8.19 billion. U.S. revenue was $4.2 billion, up 47% year-over-year. Additionally, Non-U.S. developed market adjusted revenue grew 11% to $2.7 billion, while Emerging Markets adjusted revenue came in at $1.3 billion, up 41%.
https://www.tipranks.com/news/medtronic-posts-a-blowout-quarter-as-revenue-outperforms-bumps-up-dividend
Medtronic (NYSE:MDT)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Medtronic Charts.
Medtronic (NYSE:MDT)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Medtronic Charts.