Healthcare stocks are helping markets power forward on Tuesday.
The Health Care SPDR ETF (XLV) was rising nearly 1% in afternoon trading, boosted in part, by solid results from medical equipment company Medtronic (MDT) .
For its fiscal second-quarter, Medtronic posted adjusted earnings of $1.07 per share on $7.05 billion in sales. Earnings blew out the consensus for 99 cents. Revenue came in line with Medtronic's pre-announcement but still beat estimates for $6.96 billion.
Additionally, Medtronic reiterated its guidance for constant-currency sales growth of 4% to 5% in fiscal 2018 and adjusted profit per share growth of 9% to 10%.
Shares of the company were climbing over 5% during afternoon trading on Tuesday.
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