Medtronic lifts annual profit view on steady demand for medical devices

Medtronic expects to report high-single-digit growth in adjusted profit in the back half of the fiscal year, as the negative impact from foreign-currency fluctuations abates.

The company is looking "aggressively at dynamically pricing" in markets with negative foreign currency impacts, interim CFO Gary Corona said on a call with analysts.

The Ireland-based company raised the lower end of its 2025 adjusted profit forecast to $5.44 per share from $5.42 earlier, keeping the upper end at $5.50. The new midpoint of $5.47 is slightly higher than analysts' estimates of $5.45, according to data compiled by LSEG.

It posted adjusted profit of $1.26 per share for the second quarter, compared with estimates of $1.25.

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Also more talk of supplier problems. How feeble is that!

The C suite is just horrible. I am a retiree (thank God). I will have many stock options
that will expire worthless in two years. The stock has gone nowhere since May 2018. and that is with 26% inflation and stock buybacks! Lets see- more talk of foreign currency headwinds and trying to shine up the results with CC (constant currency) which is outside GAAP. Now they talk of "dynamic pricing". About time. That just means they will finally raise foreign prices to countries with feeble currencies. Any other business would have done this all along.

Best for all if MDT stock drops 20-30% to buy cheaper through ESPP.

in the townhall, they ask everyone to go on "a little bit of diet".

Decent respectable results, but still the stock is going down. You know why? Because Walls Street has zero confidence in management.
BOD - TIME TO CHANGE MANAGEMENT

Great, now where's market adjusted raise?

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Medtronic lifts annual profit view on steady demand for medical devices

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