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Medtronic Stock Falls Despite Strong Q4 Earnings and Dividend Hike

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Source: Yahoo Finance
Medtronic Stock Falls Despite Strong Q4 Earnings and Dividend Hike
Photo: Yahoo Finance
TL;DR

Medtronic's stock fell 2.8% despite beating earnings expectations due to underwhelming year-over-year sales growth and a significant drop in GAAP earnings. Investors are concerned about the company's high valuation and modest growth forecast for fiscal 2025, leading to a sell-off.

Topics:businessfinance#earnings-report#finance#investment#medical-devices#medtronic#stock-market
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  1. Why Medtronic Stock Slumped Today  Yahoo Finance
  2. Medtronic (MDT) Q4 2024 Earnings Call Transcript  The Motley Fool
  3. Medtronic’s stock drops after profit beats again but outlook disappoints  MarketWatch
  4. Medtronic's Q4 Earnings: Medical Device Giant Clocks Strong Sales From Neurology Devices, Hikes Dividend  Yahoo Finance
  5. Medtronic reports full year and fourth quarter fiscal 2024 financial results; announces dividend increase  Medtronic

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