Medtronic Fiscal Q3 Non-GAAP Earnings, Revenue Increase; Fiscal 2025 Outlook Maintained

MT Newswires Live
02-18

Medtronic (MDT) reported fiscal Q3 non-GAAP earnings Tuesday of $1.39 per diluted share, up from $1.30 a year earlier.

Analysts polled by FactSet expected $1.36.

Revenue for the fiscal quarter ended Jan. 24 was $8.29 billion, up from $8.09 billion a year earlier. Analysts surveyed by FactSet expected $8.33 billion.

For fiscal 2025, the medical devices and technology company maintained its previous non-GAAP EPS guidance of $5.44 to $5.50. Analysts polled by FactSet expect $5.45.

Medtronic also maintained its previous fiscal 2025 revenue growth forecast of 4.75% to 5%. Analysts surveyed by FactSet expect sales of $33.57 billion.

Shares were down nearly 1% in premarket activity.

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