Medtronic Rises Nearly 3% on Convincing Q1 Beats
Shares of Medtronic (NYSE: MDT) were on the rise Tuesday, following the medical device maker's release of its Q1 fiscal 2021 results earlier in the day.
For the quarter, which ended July 31, the company booked just over $6.5 billion in revenue, down 13% from the same period of fiscal 2020. Non-GAAP (adjusted) net income fell more precipitously, tumbling 51% to $836 million ($0.62 per share).
Image source: Medtronic.
Source Fool.com
