Medtronic Plc. (MDT) said Tuesday it had net income of $1.016 billion, or 74 cents a share, in its fiscal first quarter to July 28, up from $929 million, or 66 cents a share, in the year-earlier period.
Sales in its cardiac and vascular business - which accounts for more than a third of the group's revenues - rose 5.1% to US$2.65bn.
First quarter revenue hit $7.39 billion, up 3 percent over the same period past year. Adjusted per-share earnings came to $1.12, ahead of the FactSet consensus of $1.08.
PDP lambastes Bello over public holiday
They should join us to celebrate the Lion of Africa and stop politicising an act of patriotism on the part of the governor. President had died, many states would have declared many days of mourning.
Analysts had expected the company to earn $1.08 per share, according figures compiled by Thomson Reuters.
Revenue climbed 3.1 percent to $7.39 billion, but missed analysts' estimates of $7.45 billion.
The Dublin-headquartered group wasn't helped by a computer outage in its offices in June after experiencing some disruption to its IT system. It expects adjusted earnings per share growth of between 9% and 10%, while revenues are forecast to rise by 4% to 5% on a constant-currency basis in the year ending April 2018.
- Heads up in IL as state witnesses total solar eclipse
- Morgan Stanley (MS) Stake Boosted by HM Payson & Co
- Missed The Eclipse? Watch Google's Cross-Continent Movie Instead
- Wesley Hoedt: Southampton sign £15m Dutch defender from Lazio
- Blade Runner 2049 - Watch Harrison Ford and Ryan Gosling in new trailer
- Trump rushes to Twitter to slam peaceful anti-racist protesters in Boston
- SEA Games 29: Vietnam's swimmers grab one gold, two bronzes
- Leicester supporters arrested for homophobic abuse of Brighton & Hove Albion fans
- How Analysts Rated Huntington Bancshares Incorporated (NASDAQ:HBAN) Last Week?
- Rumor Central: Will Mavericks free agent Nerlens Noel switch agents?