Medtronic Reports Strong Q1 and Provides Earnings Release Dates for FY25
Key Points:
* Medtronic reported solid financial results for its first quarter of fiscal year 2025 (Q1 FY25). * The company announced the release dates for its second, third, and fourth quarter earnings reports for FY25. * Medtronic raised its outlook for the full fiscal year following strong Q1 performance.Q1 Performance and Outlook
Medtronic reported Q1 FY25 results that exceeded analysts' expectations. The company's revenue grew by 7.4% year-over-year, driven by strong demand for its medical devices and therapies. Medtronic also achieved double-digit growth in its core business segments, including cardiovascular, neuroscience, and diabetes.
Based on its strong Q1 performance, Medtronic raised its outlook for the full fiscal year 2025. The company now expects revenue growth in the range of 6% to 7%, compared to its previous guidance of 4% to 5%.
Financial Release Dates
Medtronic announced the following release dates for its remaining quarterly financial reports for FY25:
- Second Quarter: Tuesday, November 19, 2024
- Third Quarter: Tuesday, February 18, 2025
- Fourth Quarter: Wednesday, May 21, 2025
The company typically releases its financial results before the market opens on the announced dates.
Additional Information
Medtronic is a leading global healthcare technology company. It develops, manufactures, and markets medical devices, diagnostics, and therapeutic solutions for various medical conditions. The company operates in over 150 countries worldwide.
For more information on Medtronic and its financial performance, please visit the company's investor relations website.
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