DUBLIN (AP) — DUBLIN (AP) — Medtronic PLC (MDT) on Thursday reported fiscal fourth-quarter profit of $1.18 billion.
The Dublin-based company said it had profit of 88 cents per share. Earnings, adjusted for amortization costs and restructuring costs, came to $1.57 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The medical device company posted revenue of $8.54 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $8.25 billion.
For the year, the company reported profit of $3.76 billion, or $2.82 per share. Revenue was reported as $31.23 billion.
Medtronic expects full-year earnings in the range of $5 to $5.10 per share.
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