GALWAY, Ireland (AP) — GALWAY, Ireland (AP) — Medtronic PLC (MDT) on Tuesday reported fiscal first-quarter earnings of $1.47 billion.
The Galway, Ireland-based company said it had profit of $1.14 per share. Earnings, adjusted for one-time gains and costs, came to $1.45 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The medical device company posted revenue of $9.76 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $9.47 billion.
Medtronic expects full-year earnings in the range of $5.94 to $6 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
