Medtronic set for best day in over three years on upbeat annual forecast

Medtronic

18/11/2025 15:13

Updates

** Shares of medical device maker Medtronic MDT.N rise 5.5% to more than three-year high of $101

** Stock set for its biggest pct gain in over five years, if gains hold

** Raises low-end of FY26 adj. profit forecast to $5.62/shr from $5.60/shr; top end unchanged at $5.66/shr

** MDT increased its annual organic revenue growth forecast to about 5.5%, from around 5% projected earlier

** Reports Q3 adj. profit of $1.36/shr vs analysts' average estimate of $1.31/shr - LSEG data

** Quarterly revenue of $8.96 bln beats analysts' average expectation of $8.87 bln

** Including session's move, stock up ~27% YTD

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))