Medtronic Posts Better-Than-Expected Earnings. Here’s Why the Stock Is Falling.

Medical device maker Medtronic reported quarterly earnings and net sales that topped consensus views. Medtronic on Tuesday posted fiscal third-quarter adjusted earnings of $1.36 a share, narrowly beating analysts’ forecasts of $1.34. Medtronic’s profit declined from the same period last year on a non-adjusted basis, slipping to $1.14 billion from $1.29 billion.