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The company also said it has decided to exit its unprofitable ventilator product line but would continue to honor existing ventilator contracts.
Medtronic (NYSE:MDT) expects adjusted profit for the fiscal 2024 to be between $5.19 and $5.21 per share, compared with its previous forecast range of $5.13 and $5.19 per share.
The company posted an adjusted profit of $1.30 per share for the quarter, compared with analysts’ estimates of $1.26 per share, according to LSEG data.
