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Medtronic: Fiscal 3Q Earnings Snapshot

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DUBLIN (AP) _ Medtronic PLC (MDT) on Tuesday reported fiscal third-quarter profit of $1.27 billion.

The Dublin-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, were $1.29 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The medical device company posted revenue of $7.78 billion in the period, meeting Street forecasts.

Medtronic shares have decreased 1% since the beginning of the year, while the Standard & Poor's 500 index has increased 3%. The stock has risen roughly 2% in the last 12 months.

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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