5 Stocks Making Moves After Earnings Reports

4. Medtronic plc (NYSE:MDT)

Number of Hedge Fund Holders: 55

Medtronic plc (NYSE:MDT) recently announced mixed financial results for its fiscal third quarter. The medical device company earned $1.37 per share on an adjusted basis, up from $1.29 per share in the same period last year.

Revenue for the quarter came in at $7.76 billion, nearly unchanged from the year-ago period. Analysts expected Medtronic plc (NYSE:MDT) to post earnings of $1.37 per share on revenue of $7.90 billion.

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Medtronic plc (NYSE:MDT) also issued its segment-wise sales performance. Revenue from both Cardiovascular and Neuroscience segments inched up one percent to $2.74 billion and $2.14 billion, respectively. In comparison, revenue from the Medical-Surgical Portfolio slipped one percent to $2.290 billion, while Diabetes revenue fell seven percent to $584 million in the quarter.

The company also issued the earnings outlook for its fiscal fourth quarter. Medtronic plc (NYSE:MDT) expects adjusted earnings in the range of $1.56 – $1.58 per share, compared to the consensus of $1.58 per share.