Why Medtronic Stock Jumped Today

Shares of Medtronic (MDT 1.69%) climbed as much as 3.3% early Tuesday, and then settled to close up around 1.7%, after the medical-device company announced strong fiscal third-quarter results and impressive forward guidance.On Medtronic's "solid execution," durable growthFor its fiscal third-quarter 2024, ended Jan. 26, Medtronic's revenue grew 4.7% year over year (4.6% organically) to $8.089 billion, translating to roughly flat adjusted (non-GAAP) earnings of $1.728 billion, or $1.30 per share -- though th ...