When it comes to quarterly earnings there are a host of variables which impact results. Timing is a huge variable as results are always compared to the results over the same period one year ago. A “bad” quarter one year ago can make a “good” quarter this year seem even more impressive. While we won’t say that is the case for the results released by Medtronic this morning it does explain a great many things.
Nonetheless results were impressive as per the earnings release;
“Diabetes Group worldwide first quarter revenue of $572 million increased 27.4 percent, or 26 . . .
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