Sun, Dec 28, 2014, 6:41 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Covidien plc Message Board

  • pooltimejacky pooltimejacky Apr 27, 2012 6:44 AM Flag


    Covidien Plc (COV) posted higher second-quarter net income to $497 million or $1.02 per share compared with $455 million or $0.91 per share last year. Adjusted earnings, excluding specified items, were $1.05, a 13% increase from $0.93 in the prior-year quarter. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $1.03 for the quarter. Analysts' estimates typically exclude one-time items.

    Quarterly net sales of $2.95 billion advanced 5% from the $2.80 billion reported in the second quarter of a year ago, whereas 15 analysts estimated revenues of $2.90 billion for the quarter. Foreign exchange rate movement lowered the quarterly sales growth rate by one percentage point, the company added.

    "Our second-quarter performance was paced by good top-line growth, improvements in gross and operating margin and a double-digit increase in earnings per share," said José Almeida, Chairman, President and CEO. "Once again, our largest business segment, Medical Devices, drove our strong performance, with broad-based growth that was led by double-digit advances in Energy and Vascular products," concluded Almeida.

103.21-0.14(-0.14%)Dec 26 4:01 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST
Ultra Petroleum Corp.
NYSEFri, Dec 26, 2014 4:02 PM EST