Investing.com - Medtronic (NYSE:MDT) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.17 on revenue of $7.55B. Analysts polled by Investing.com expected EPS of $1.24 on revenue of $7.53B. That compared to EPS of $1.18 on revenue of $7.37B in the same period a year earlier. The company had reported EPS of $1.22 on revenue of $7.5B in the previous quarter.
For the year, Medtronic shares are up 1.44%, under-performing the S&P 500 which is up 12.06% year to date.
Medtronic follows other major Healthcare sector earnings this month
On Tuesday, January 22, 2019, J&J reported fourth quarter EPS of $1.97 on revenue of $20.39B, compared to forecasts of EPS of $1.95 on revenue of $20.2B.
Pfizer earnings beat analyst's expectations on Tuesday, January 29, 2019, with fourth quarter EPS of $0.64 on revenue of $13.98B. Investing.com analysts expected EPS of $0.63 on revenue of $13.9B
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