Investing.com - Medtronic (NYSE:MDT) reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Medtronic announced earnings per share of $1.37 on revenue of $7.76B. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $7.88B.
Medtronic shares are up 6% from the beginning of the year, still down 25.98% from its 52 week high of $135.89 set on September 9, 2021. They are outperforming the STOXX 600 which is down 6.81% from the start of the year.
Medtronic follows other major Healthcare sector earnings this month
Medtronic's report follows an earnings beat by J&J on January 25, who reported EPS of $2.13 on revenue of $24.8B, compared to forecasts EPS of $2.12 on revenue of $25.28B.
Roche Holding ADR had matched expectations on February 3 with fourth quarter EPS of $1.29 on revenue of $17.54B, compared to forecast for EPS of $1.29 on revenue of $17.1B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar