Why Medtronic Stock Slumped Today
Medtronic (NYSE: MDT) stock slipped 2.8% through 10:15 a.m. ET this morning despite beating earnings forecasts in its fiscal Q4 2024 earnings report.
Heading into earnings, analysts had the medical devices company pegged for a $1.45 per-share profit, but Medtronic "beat" by a penny, reporting $1.46 instead. Similarly, Medtronic exceeded expectations for $8.4 billion in sales by reporting $8.6 billion.
And yet the shares are down today. Why?
Source Fool.com
Medtronic plc Stock
€71.59
0.150%
Our community is currently high on Medtronic plc with 7 Buy predictions and 3 Sell predictions.
With a target price of 90 € there is a positive potential of 25.72% for Medtronic plc compared to the current price of 71.59 €.
