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SYK News7 articles
Medtronic Stock Edges Up on Earnings Beat, Tariff Warning Looms
Medtronic shares slipped 0.32% to $81.67 Friday after a post-earnings rally, as strong Q4 revenue growth and a dividend hike were offset by a $250 million tariff hit and profit guidance below consensus.
Earnings
Intuitive Surgical Dips Despite Record Highs for Nasdaq and S&P 500
Intuitive Surgical shares slipped 3.1% last week to $424.64, even as the Nasdaq and S&P 500 reached new records. Q1 revenue rose 23% to $2.77 billion, but tariff risks and a drop in bariatric procedures kept investors cautious.
Technology
Medtronic Stock Drops 6% Ahead of Earnings Report
Medtronic shares fell 6.1% last week to $73.81 ahead of its fiscal Q4 earnings on June 3. Options imply a 4.1% move. The company recently agreed to buy SPR Therapeutics for $650 million.
Earnings
Intuitive Surgical Dips on Goldman Sachs Price Target Cut Amid Medtech Weakness
Intuitive Surgical shares slid over 4% after Goldman Sachs cut its price target to $558. The medtech giant posted strong Q1 revenue growth but faces tariff and competitive headwinds.
Markets
Medtronic Hovers Near 52-Week Low as Market Awaits Earnings
Medtronic shares closed at $76.15, near their 52-week low, as broader market weakness weighed ahead of the company's June 3 earnings report.
Earnings
Stryker Stock Drops 6.5% as Cyberattack Derails Q1 Earnings; 2026 Targets Remain
Stryker shares dropped 6.5% after Q1 earnings missed estimates due to a March cyberattack. Revenue was $6.0B vs $6.35B expected, but 2026 guidance remains unchanged.
Earnings
Boston Scientific Shares Extend Decline Amid Electrophysiology Concerns
Boston Scientific stock fell 2.6% in Monday trading, continuing last week's selloff as investors scrutinize the company's heart-rhythm device segment and Watchman demand.
Earnings