Investing.com - Medtronic (NYSE:MDT) reported first quarter earnings that beat analyst's expectations on Tuesday and reported revenue that topped forecasts.
The firm reported earnings per share of $1.17 on revenue of $7.38B. Analysts polled by Investing.com expected EPS of $1.11 on revenue of $7.25B.
That compared to EPS of $1.07 on revenue of $7.39B in the same period a year earlier.
The firm had reported EPS of $1.42 on revenue of $8.14B in the previous quarter.
Medtronic shares lost 0.63% to trade at $90.03 in pre-market trade following the report.
For the year, Medtronic shares are up 9.58%, outperforming the S&P 500 which is up 6.46% year to date.
Medtronic follows other major earnings reports from the Healthcare sector this month
On Tuesday, July 31, 2018, Pfizer (NYSE:PFE) reported second quarter EPS of 0.81 on revenue of 13.47B, compared to forecasts of EPS of 0.74 on revenue of 13.31B.
Roche Holding (SIX:ROG) ADR earnings beat analyst's expectations on Thursday, July 26, 2018, with second quarter EPS of 9.84 on revenue of 14.62B. Investing.com analysts expected EPS of 1.21 on revenue of 14.62B