Update: MiniMed Shares Rise After Higher Fiscal Q1 Results

02:50 PM EDT, 09/01/2026 (MT Newswires) -- (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