Medtronic dips on missed Q1 revenues

August 20, 2013 by Brad Perriello

Medtronic shares come under pressure as investors react to mixed fiscal 1st-quarter results, with earnings in line with expectations but sales missing their target.

Medtronic dips on missed Q1 revenues

Investors pushed shares of Medtronic (NYSE:MDT) down this morning after the world's largest pure-play medical device company reported mixed results for its fiscal 1st quarter.

Fridley, Minn.-based Medtronic posted profits of $953 million, or 93¢ per share, on sales of $4.08 billion for the 3 months ended July 26. That's a 10.3% top-line gain on 1.9% sales growth.

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