Medtronic’s Q3 revenues miss as COVID-19 slows procedures
Medtronic (NYSE:MDT) shares rose this morning on third-quarter results that were mixed compared to the consensus forecast — with the company predicting a Q4 uptick. The Fridley, Minnesota-based medtech giant posted profits of $1.5 billion, or $1.10 per share, on sales of $7.8 billion for the three months ended Jan. 28, 2022, for a 16.5% bottom-line gain on a minor sales decline of 0.1%.