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This Medical Stock Just Retook Its Buy Point On Unexpected Earnings Beat – Investor’s Business Daily

Medtronic stock rose Tuesday after the company beat Wall Street’s quarterly profit estimates, but sales were just in line on the continued pandemic impact.

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Medtronic stock inched higher Tuesday after the medical technology giant beat Wall Street’s quarterly profit estimates, but sales were just in line on the continued pandemic impact.
XFor the fiscal third quarter ended Jan. 29, Medtronic (MDT) reported adjusted earnings of $1.29 a share on $7.775 billion in sales.
Earnings declined 10%, but that was better than FactSet’s call for $1.15 per share. Sales grew 0.8% on a strict as-reported basis. Organically, sales ticked down 1%. That adjusts for a…

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