DUBLIN (AP) — DUBLIN (AP) — Medtronic PLC (MDT) on Wednesday reported fiscal fourth-quarter net income of $1.06 billion.
The Dublin-based company said it had net income of 82 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were $1.62 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The medical device company posted revenue of $8.93 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $8.83 billion.
For the year, the company reported profit of $4.66 billion, or $3.61 per share. Revenue was reported as $33.54 billion.
Medtronic expects full-year earnings in the range of $5.50 to $5.60 per share.
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