Fidelity Select Portfolios - Medical Technology and Devices Portfolio Net Income

Fidelity Select Portfolios - Medical Technology and Devices Portfolio posts a net income of $-1.4M as of September 2023. That compares with $-22M in the prior-year period — up 93.9% year over year. That is below the sector sector average of $98M. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Fidelity Select Portfolios - Medical Technology and Devices Portfolio's net income was $-22M. The latest reading is $-1.4M — a 93.9% year-over-year increase (period ending September 2023). Use the history and growth charts on this page for a longer lookback.

For its sector stocks, a net income near $98M is typical. Fidelity Select Portfolios - Medical Technology and Devices Portfolio's $-1.4M is lower that level. That is roughly 101.4% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Net Income is one piece of Fidelity Select Portfolios - Medical Technology and Devices Portfolio's financial statement story. At $-1.4M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for FSMEX's net income usually means three checks: (1) trend versus prior periods, (2) level versus peers (average $98M), and (3) consistency with growth and profitability. This page covers the first two; Fidelity Select Portfolios - Medical Technology and Devices Portfolio's other metric pages and overview cover the third.