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What's Behind Medtronic's Q4 Earnings Miss

TheMotleyFool

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What's Behind Medtronic's Q4 Earnings MissPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

There's bad news, good news, and more bad news for Medtronic (NYSE: MDT). The first bad news is that the medical device maker's shares were down 14% year to date as of the close on Wednesday. The good news is that it had been much worse: Medtronic stock plunged close to 40% in March.

What's the other bad news? The company announced its fourth-quarter and fiscal 2020 full-year results before the market opened on Thursday. And those results weren't great. Here are the highlights from Medtronic's Q4 update.

Image source: Getty Images.

Source Fool.com

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