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Investor's Business Daily

Investor's Business Daily

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Business & Economics

Medtronic stock slides 4% in premarket after January-quarter sales miss expectations

Investor's Business Daily
Summary
Nutrition label

79% Informative

Medtronic missed Wall Street's January-quarter sales expectations.

The company blamed a change in U.S. distributor buying patterns for surgical instruments.

Medical surgical sales declined by 0.4% organically and lagged projections by about 2.6% , Evercore ISI analyst Vijay Kumar said.

The premarket move puts shares on deck to open below their buy point.

VR Score

84

Informative language

90

Neutral language

53

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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