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Medtronic plc surpassed earnings forecasts, projects growth, and plans to spin off its Diabetes business.
Medical device company Medtronic plc beat earnings estimates in the fourth quarter and reported a 1% increase in profit.
For fiscal year 2026, Medtronic projects earnings between $5.50 and $5.60 per share, with revenue growth expected at 4.8 to 5.1%.
The company also plans to separate its Diabetes business into a standalone public company within 18 months, likely through an IPO and split-off.
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Medtronic plc superó las previsiones de ganancias, proyecta crecimiento y planea separar su negocio de diabetes.