Despite stormy quarter, Medtronic earnings beat Wall Street estimates

Medical-device giant Medtronic reported profits that beat Wall Street expectations Tuesday despite battling hurricanes and wildfires during its most recent quarter. The company’s adjusted second-quarter earnings totaled $1.46 billion, or $1.07 per share. That’s down from $1.56 billion, or $1.12 per share, but better than analysts’ estimated 98 cents per share. The company’s stock rose about 5 percent to $83.07 per share in afternoon trading Tuesday. Hurricane Maria ultimately cost Medtronic…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news