Medtronic: Fiscal Q3 Earnings Snapshot

Associated Press Finance

02-18

DUBLIN (AP) — DUBLIN (AP) — Medtronic PLC (MDT) on Tuesday reported fiscal third-quarter earnings of $1.29 billion.

On a per-share basis, the Dublin-based company said it had profit of $1.01. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.39 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The medical device company posted revenue of $8.29 billion in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $8.33 billion.

Medtronic expects full-year earnings in the range of $5.44 to $5.50 per share.

_____

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

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Earnings, adjusted for amortization costs and non-recurring costs, came to $1.39 per share.\nThe results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.\nThe medical device company posted revenue of $8.29 billion in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $8.33 billion.\nMedtronic expects full-year earnings in the range of $5.44 to $5.50 per share.\n_____\nThis 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","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}