London: Health tech firms Medtronic Beat Wall Street estimates For Quarterly Profit and revenue on Thursday, as post-pandemic growth surgical volume Its demand increased in hospitals medical devices,
Medtronic has joined medical device manufacturers such as Abbott Laboratories And Boston Scientific which has also benefited from increasing demand non-urgent surgery,
The company’s revenue for the quarter rose 0.5 per cent to $8.59 billion, above analysts’ average estimate of $8.44 billion, according to LSEG data.
It reported an adjusted profit of $1.46 a share for the fourth quarter, while analysts had expected $1.45 a share.
(Reporting by Christy Santosh and Pratik Jain in Bengaluru; Editing by Shilpi Majumdar)
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