What's Behind Medtronic's Q4 Earnings Miss

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.

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