Morning Movers Gapping up $美敦力(MDT.US)$on Tuesday raised its annual profit forecast for the third time this fiscal, banking on higher demand for its medical devices, sending the company's shares up 6% in premarket trading. The company also said it has decided to exit its unprofitable ventilator product line but would continue to honor existing ventilator contracts. Medtronic expects adjusted profit for the fiscal 2024 to ...
Medtronic's optimistic 2024 prediction is driven by mitigated recession concerns, a perception of lower rates, and growth within the sector. Analysts have varying levels of confidence with some predicting the stock will even out once economy stabilizes.
Morning Movers Gapping up $安捷倫科技(A.US)$stock rose 6.7% after the healthcare equipment provider beat expectations in its fourth quarter, despite what CEO Mike McMullen called a “challenging year for the industry.” $美敦力(MDT.US)$stock rose 2.2% after the medical device manufacturer raised its annual revenue and earnings outlook following "broad-based, diversified" growth in its fiscal second quarter. $Symbotic(SYM.US)$stock soa...
Doubts on new Medicare drug pricing scheme, disapproval of pharma mergers, and low dividend yields are hitting the sector. Even if Johnson & Johnson settles talc suits, investors are wary of JNJ, Abbott Labs and Medtronic due to potential impact of new obesity drugs on device sales.
Disappointing EPS reductions, causing apparent hesitance among investors, may be the reason behind Medtronic's share price decline. Higher total shareholder returns hint at dividend payments somewhat offsetting this loss. Unresolved challenges may persist given the past year's performance.
72962259 : 今天強勁買入一分錢股