Healthcare
Medical Devices
$105.76B
95K
Key insights and themes extracted from this filing
Net sales reached $8,089 million for the three months ended January 26, 2024, compared to $7,727 million for the same period last year, reflecting a 5% increase. This growth indicates a positive trend in revenue generation.
Net income attributable to Medtronic rose to $1,322 million, up from $1,222 million in the prior year's comparable quarter, indicating improved profitability. This growth is a positive indicator of the company's financial health.
Diluted earnings per share increased to $0.99, up from $0.92 in the prior year. This reflects an improvement in profitability on a per-share basis.