Medtronic: Fiscal Q4 Earnings Snapshot
DUBLIN (AP) — DUBLIN (AP) — Medtronic PLC (MDT) on Thursday reported fiscal fourth-quarter net income of $654 million.
The Dublin-based company said it had net income of 49 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were $1.46 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The medical device company posted revenue of $8.59 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $8.44 billion.
For the year, the company reported profit of $3.68 billion, or $2.76 per share. Revenue was reported as $32.36 billion.
Medtronic expects full-year earnings in the range of $5.40 to $5.50 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