Medtronic: Fiscal Third Quarter Earnings Overview
Medtronic Reports Strong Third-Quarter Results
Medtronic PLC, headquartered in Galway, Ireland, announced on Tuesday that it achieved net earnings of $1.14 billion for its fiscal third quarter.
The company reported earnings of 89 cents per share. After accounting for amortization and restructuring expenses, adjusted earnings reached $1.36 per share.
These results surpassed analysts’ expectations, with the consensus estimate from 11 analysts polled by Zacks Investment Research predicting $1.33 per share.
During the quarter, the medical technology firm generated $9.02 billion in revenue, outperforming the $8.9 billion anticipated by eight Zacks analysts.
Looking ahead, Medtronic projects its full-year earnings to fall between $5.62 and $5.66 per share.
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