Business

Medtronic Lowers Income Guide. Stocks are falling.



Medtronic

Shares fell on Tuesday after the medical device maker missed sales expectations for its fiscal second quarter and lowered its earnings guidance for the year.


Medtronic

(ticker: MDT) reported adjusted earnings of $1.30 a share on revenue of $7.59 billion for the fiscal second quarter, compared with adjusted earnings of $1.32. dollars a share on sales of $7.85 billion last year. Analysts surveyed by FactSet had expected adjusted earnings of $1.28 a share on revenue of $7.7 billion.

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