Medtronic Stock News

Medtronic slightly lifted the lower end of its annual profit forecast on Tuesday, banking on sustained demand for its medical devices and growth from its new launches.

Shares of Medtronic PLC MDT, +0.26% gained 0.8% in premarket trading Tuesday, after the cardiovascular and medical surgical products company topped fiscal first-quarter profit and sales expectations and nudged up its full-year outlook. Net income for the quarter to July 26 rose to $1.04 billion, or 80 cents a share, from $791 million, or 59 cents a share, in the year-ago period.

Product innovation driving growth across diversified health tech portfolio, including Automated Insulin Delivery, Transcatheter Aortic Valve Replacement, Pulsed Field Cardiac Ablation, Pain Stimulation, and Deep Brain Stimulation GALWAY, Ireland , Aug. 20, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT) today announced financial results for its first quarter (Q1) of fiscal year 2025 (FY25), whic...

Dividend growth stocks often outperform other asset classes over long periods. These five blue-chip companies could form the basis of a rock-solid dividend growth portfolio.

Medtronic stock underperformed the market, up only 4% in the past year. The options market predicts a 3.3% stock price swing post-earnings. Mid-single-digit EPS growth, rising dividends, and historically high yield for Medtronic are positive factors.

Pfizer has a promising pipeline of drugs in development -- tackling cancers and more. Medtronic's 200-plus clinical trials may yield some big revenue generators.

Medtronic is a strong option for investors seeking both low volatility and consistent dividend growth. I am quite positive about recent developments related to new crucial FDA approvals. Various valuation approaches suggest that the current share price is attractive.

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