Medtronic: Fiscal Q1 Earnings Snapshot
DUBLIN (AP) — DUBLIN (AP) — Medtronic PLC (MDT) on Tuesday reported fiscal first-quarter profit of $791 million.
The Dublin-based company said it had profit of 59 cents per share. Earnings, adjusted for amortization costs and pretax expenses, were $1.20 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The medical device company posted revenue of $7.7 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $7.57 billion.
Medtronic expects full-year earnings in the range of $5.08 to $5.16 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDT at https://www.zacks.com/ap/MDT