Upcoming News: Mark Your Calendar for Medtronic's Earnings Reports
Key Dates for Medtronic's Fiscal 2025 Earnings Announcements
Save these dates for Medtronic's upcoming earnings reports:
- Second Quarter: Tuesday, November 19, 2024
- Third Quarter: Tuesday, February 18, 2025
- Fourth Quarter: Wednesday, May 21, 2025
Medtronic's Q1 FY25 Results Exceed Expectations
In its recent earnings announcement, Medtronic reported strong first-quarter results for fiscal year 2025 (FY25), which ended July 26, 2024.
Highlights include:
- Earnings exceeded analysts' estimates by 8.9%.
- Revenue increased 2.5% year-over-year to $8.1 billion.
- The company raised its outlook for the full fiscal year 2025.
Improved Profitability and Strong Performance Across Business Groups
Medtronic's improved profitability was driven by cost-cutting measures and strong performance across all its business groups, including:
- Cardiac and Vascular Group: 4% revenue growth.
- MedTech Group: 3% revenue growth.
- Neuromodulation Group: 7% revenue growth.
Source: Medtronic plc Reports Strong First-Quarter Fiscal 2025 Results
