Investing.com - Medtronic (NYSE:MDT) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Medtronic announced earnings per share of $0.62 on revenue of $6.51B. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $5.4B.
Medtronic shares are down 11% from the beginning of the year and are trading at $100.13 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.21% from the start of the year.
Medtronic follows other major Healthcare sector earnings this month
Medtronic's report follows an earnings beat by Merck&Co on Friday, July 31, 2020, who reported EPS of $1.37 on revenue of $10.87B, compared to forecasts EPS of $1.06 on revenue of $10.4B.
Pfizer had beat expectations on Tuesday, July 28, 2020 with second quarter EPS of $0.78 on revenue of $11.8B, compared to forecast for EPS of $0.68 on revenue of $11.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar