Medtronic Guides FY24 Adj. EPS Below View: Boosts Dividend - Update
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, medical devices maker Medtronic plc. (MDT) initiated adjusted earnings guidance for the full-year 2024, below analysts' estimates.
For fiscal 2023, the company now projects adjusted earnings in a range of $5.00 to $5.10 per share on organic revenue growth of 4.0 to 4.5 percent.
On average, 30 analysts polled by Thomson Reuters expect the company to report earnings of $5.20 per share for the quarter. Analysts' estimates typically exclude special items.
The Medtronic board of directors also approved an increase in Medtronic's cash dividend for the first quarter of fiscal year 2024, raising the quarterly amount to $0.69 per ordinary share, payable on July 14, 2023, to shareholders of record at the close of business on June 23, 2023.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I
Medtronic Guides FY25 Adj. EPS In Line With Estimates; Boosts Dividend - Update
Medtronic Files Complaint Against Axonics With US ITC For Two Patent Infringements
Medtronic Boosts FY24 Outlook - Update
Medtronic Says Inceptiv Spinal Cord Stimulator With Closed-loop Sensing Gets CE Mark Approval
Medtronic Boosts FY23 Adj. EPS Outlook - Update
Medtronic Reiterates FY23 Outlook - Update
