Tag: $Medtronic

Shares of Medtronic rose in premarket trading Tuesday after the medical device giant reported better than-expected quarterly earnings and announced a $700 million investment to bolster its robotic surgery offerings as the company continues to challenge Intuitive Surgical  in that space.

Medical device maker Medtronic (MDT) reported quarterly earnings and net sales that topped consensus views. The stock declined anyway.

Medtronic beat Wall Street estimates for quarterly profit on Tuesday, on strong demand for its heart and diabetes devices.