Medtronic Shares Down 5% In Pre-market Following Q3 Result

Medtronic plc (MDT) shares were down more than 5% in pre-market trading on Tuesday after the healthcare company reported lower third-quarter profit, primarily due to higher expenses.Net income fell to $1.143 billion, or $0.89 per share, from $1.294 billion, or $1.01 per share a year earlier. Adjusted earnings, which exclude one-time items, came in at $1.750 billion, or $1.36 per share.Operating profit decreased to $1.464 billion from $1.646 billion last year.The company's revenue for the period rose 8.7% t ...