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Medtronic: Fiscal Q3 Earnings Snapshot

GALWAY, Ireland (AP) — GALWAY, Ireland (AP) — Medtronic PLC (MDT) on Tuesday reported fiscal third-quarter earnings of $1.14 billion.

On a per-share basis, the Galway, Ireland-based company said it had profit of 89 cents. Earnings, adjusted for amortization costs and restructuring costs, were $1.36 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The medical device company posted revenue of $9.02 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $8.9 billion.

Medtronic expects full-year earnings in the range of $5.62 to $5.66 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

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