# Medtronic plc (MDT) — Q3-2024 Earnings Results

**Report date:** 2024-02-20 (before market open)  
**Sector:** Health Care / Health Care Equipment  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/MDT/earnings/Q3-2024

## Post-Earnings Brief

### Headline

Medtronic Misses on EPS, Stock Up 1.69%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.99 | N/A | -21.55% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Cautiously Optimistic

Overall, management conveyed a cautious optimism regarding future performance despite missing EPS expectations. They emphasized their commitment to innovation and market expansion.

**Key quotes:**

> Management acknowledged the challenges faced during the quarter but expressed confidence in long-term growth.

> They highlighted ongoing investments in innovation as a key focus moving forward.

### Guidance Changes

No forward guidance was provided during the earnings call.

### What It Means

The earnings report indicates that Medtronic faced challenges this quarter, particularly reflected in the EPS miss. However, the stock rose by 1.69%, suggesting that investors may be optimistic about the company's long-term strategy and ongoing investments in innovation despite the short-term setback.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/MDT/earnings/Q3-2024_