Medtronic Q1 2025 Earnings: Revenue and Profit Surge
Tuesday, 20 August 2024, 12:32
Medtronic (MDT) Reports Strong Earnings Results
Medtronic plc (NYSE: MDT), a leader in healthcare technology, announced its earnings for the first quarter of 2025, revealing a significant increase in revenue and adjusted profit.
Key Financial Highlights
- First-quarter earnings excluding special items rose 3% year-over-year to $1.23 per share.
- Net profit climbed to $1.04 billion, or $0.80 per share, compared to $791 million or $0.59 per share in Q1 2024.
- Total revenues reached approximately $7.9 billion, driven by growth in all operating segments.
Future Outlook
The management anticipates organic revenue growth between 4.5% and 5.0% for fiscal 2025, reflecting positive trends in their business strategy and market demand.
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