Medtronic: annual targets further tightened

(CercleFinance.com) - On the occasion of its quarterly publication, Medtronic now targets non-GAAP EPS of between $5.
44 and $5.50 for its full 2024-25 financial year, compared with its previous target range of $5.42 to $5.50.

The medical equipment supplier has also raised its guidance for organic annual revenue growth to between 4.75 and 5%, from the 4.5 to 5% indicated three months ago.

For its second fiscal quarter, Medtronic reported non-GAAP EPS of $1.26, up 1% (+8% at constant exchange rates), on revenues of $8.4 billion, up 5.3% (+5% organic).

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