Investing.com -

Medtronic (NYSE:MDT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.

Medtronic announced earnings per share of $1.29 on revenue of $7.78B. Analysts polled by Investing.com anticipated EPS of $1.15 on revenue of $7.78B.

Medtronic shares are down 1% from the beginning of the year, still down 3.96% from its 52 week high of $120.53 set on February 16. They are under-performing the S&P 500 which is up 3.21% from the start of the year.

Medtronic follows other major Healthcare sector earnings this month
Medtronic's report follows an earnings beat by J&J on January 26, who reported EPS of $1.86 on revenue of $22.48B, compared to forecasts EPS of $1.82 on revenue of $21.66B.

Roche Holding ADR had missed expectations on February 1 with fourth quarter EPS of $1.21 on revenue of $15.88B, compared to forecast for EPS of $1.28 on revenue of $16.45B.