MedTech Dive January 22, 2024
J&J, Intuitive Surgical and Abbott kick off this week with fourth-quarter reports.
Medtech earnings season starts this week with fourth-quarter results from Johnson & Johnson, Intuitive Surgical and Abbott that will provide insights about the current state and health of the industry.
Analysts are optimistic going into the results season. Around 30 medical device companies preannounced fourth-quarter results or “provided directional color” at the J.P. Morgan Healthcare Conference in San Francisco earlier this month, J.P. Morgan analysts wrote in a recent research note. The comments led the analysts to tell investors that the fourth quarter “was clearly a very good quarter for medtech.”
Medtech management teams were “sounding confident on volume trends, pricing and global macro,” the analysts wrote, adding...
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