# Medtronic plc (MDT) — Q1-2023 Earnings Results

**Report date:** 2022-08-23 (before market open)  
**Sector:** Health Care / Health Care Equipment  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/MDT/earnings/Q1-2023

## Post-Earnings Brief

### Headline

Medtronic Beats on EPS, Stock Down 3.08%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.13 | N/A | +1.25% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Unknown

No transcript is on record, and the analysis is based solely on numerical results.

### Guidance Changes

No guidance data is available for this quarter.

### What It Means

Medtronic's earnings report showed a positive surprise on EPS, which indicates better-than-expected profitability. However, the stock dropped by 3.08% in reaction, suggesting that investors may have been disappointed by the lack of revenue details or guidance. The absence of management commentary also leaves uncertainty about future performance.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/MDT/earnings/Q1-2023_