Medtronic: Fiscal Q3 Earnings Snapshot
DUBLIN (AP) — DUBLIN (AP) — Medtronic PLC (MDT) on Tuesday reported fiscal third-quarter net income of $1.32 billion.
The Dublin-based company said it had profit of 99 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The medical device company posted revenue of $8.09 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $7.95 billion.
Medtronic expects full-year earnings in the range of $5.19 to $5.21 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
