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Update: MiniMed Shares Rise After Higher Fiscal Q1 Results

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(Updates with the latest stock movement in the first paragraph and headline.)

MiniMed (MMED) shares were up about 11% in Tuesday trading after the company reported higher fiscal Q1 results.

The company reported a fiscal Q1 breakeven, compared with a loss of $0.08 per share a year earlier.

Analysts polled by FactSet expected earnings of $0.12 per share.

Net sales for the quarter ended July 31 were $843 million, compared with $723 million a year earlier.

Analysts projected $826.8 million.

For fiscal 2027, the company said it now expects organic revenue growth of about 10.5%, compared with its previous outlook of nearly 10% growth.

Price: $22.56, Change: $+2.30, Percent Change: +11.35%

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