Medtronic
stock was falling Tuesday after the medical device maker’s fiscal second-quarter sales fell short of expectations and management lowered its forecast of earnings for the year.
Medtronic
(ticker: MDT) reported adjusted earnings of $1.30 a share on revenue of $7.59 billion in its fiscal second quarter, compared with adjusted earnings of $1.32 a share from revenue of $7.85 billion last year. Analysts surveyed by FactSet were expecting adjusted earnings of $1.28 a share on revenue of $7.7 billion.