Medtronic plc Reports FourthQuarter Financial Results

authorIntellectia.AI2024-08-20
15
MDT.N
Illustration by Intellectia.AI

Medtronic plc Reports Fourth-Quarter Financial Results

Medtronic plc (MDT) has reported its financial results for the fourth quarter.

Key Financial Metrics

Metric Q4 FY23 Consensus Estimate
Total Revenue $7.89B $7.89B
Earnings Per Share $1.20 $1.20

Interpretation: Medtronic met Wall Street's consensus estimates, reporting $7.89 billion in total revenue and $1.20 earnings per share for Q4. No year-over-year or quarter-over-quarter comparative data were provided in the statement.

Revenue Performance by Segment

No detailed segment data were provided in the earnings release.

Key Operational Data

No additional operational data were provided in the earnings release.

Executive Commentary

No comments from the company’s officers were included in the provided text.

Dividends and Share Repurchase Programs

Medtronic's board authorized an additional $500 million for share repurchases, increasing the company's remaining buyback authorization to $1 billion.

Forward Guidance

No forward guidance was included in the report.

Stock Price Movement

Medtronic shares rose 0.4% to $85.17 in after-hours trading following the earnings release.

Summary: Medtronic reported solid fourth-quarter financial results that were in line with analyst expectations. The lack of detailed segment data and executive comments leaves some performance aspects unaddressed, but the ongoing share repurchase program signals confidence in the company’s future. The stock experienced a modest 0.4% increase in after-hours trading, reflecting a positive but cautious market response.

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