Medtronic reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.26 on revenue of $7.49B. Analysts polled by anticipated EPS of $1.18 on revenue of $7.4B. That compared to EPS of $1.17 on revenue of $7.38B in the same period a year earlier. The company had reported EPS of $1.54 on revenue of $8.15B in the previous quarter.
Medtronic follows other major Healthcare sector earnings this month
On July 30, Merck&Co reported second quarter EPS of $1.3 on revenue of $11.76B, compared to forecasts of EPS of $1.16 on revenue of $10.96B.
Pfizer earnings beat analysts' expectations on July 29, with second quarter EPS of $0.8 on revenue of $13.26B. analysts expected EPS of $0.75 on revenue of $13.4B
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