MiniMed Breaks Even in Fiscal Q1, Sales Rise

MT newswire2026/09/01 11:20

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07:20 AM EDT, 09/01/2026 (MT Newswires) -- MiniMed (MMED) reported a fiscal Q1 breakeven Tuesday, 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.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41