Medtronic: revenues, profit was below expectations in Q4
Medtronic company released on Thursday a report that fourth quarter results that disappointed analysts. Income figure fell short of forecasts.
The company announced earnings per share of $ 0.58 to $, the revenues made up 6.00 B $. Analysts polled Investing.com, assumed in the projections that earnings per share are 1.08 $, and the total income will be 7,11 B $ compared to earnings per share of 1.54 $ with a total revenue of 8.15 B $ in the same period a year earlier, the company reported earnings per share in the amount of 1.44 $ with a total revenue of 7.72 B $ in the previous quarter.
This year, the value of Medtronic stock fell by 13%, showed results worse than the average according to the S&P 500 index, falling 8% since the beginning of the year.
Medtronic company follows the General trend of companies in the sector of “Healthcare” this month
28 APR Novartis ADR reported the first quarterly report of 1.56 $, profit is 12,28 B $, compared to forecasts of earnings per share in the amount of 1.39 $ at the total revenues of 12B $
Revenues Pfizer has surpassed analysts ‘ expectations in April 28 in the first quarter, quarterly earnings per share 0,80 $ for a total profit of 12.03 B $ Analysts Investing.com earlier it was predicted that earnings per share will amount to 0.73 $ at the total income of 11.81 B $
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