iStock
DUBLIN (AP) _ Medtronic PLC (MDT) on Tuesday reported fiscal first-quarter profit of $929 million.
The Dublin-based company said it had net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The medical device company posted revenue of $7.37 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $7.2 billion.
Medtronic expects full-year earnings in the range of $5.53 to $5.65 per share.
