Medtronic: Fiscal Q3 Earnings Snapshot

February 22, 2022 GMT

DUBLIN (AP) _ Medtronic PLC (MDT) on Tuesday reported fiscal third-quarter net income of $1.48 billion.

The Dublin-based company said it had profit of $1.10 per share. Earnings, adjusted for one-time gains and costs, came to $1.37 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The medical device company posted revenue of $7.76 billion in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $7.89 billion.

For the current quarter ending in April, Medtronic expects its per-share earnings to range from $1.56 to $1.58.

_____

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