Medical equipment maker Medtronic, Inc. (MDT) posted third-quarter net earnings of $988 million, or $0.97 per share, a 6 percent and 10 percent growth, respectively, over last year.
Net earnings, on a non-GAAP basis, amounted to $946 million, or $0.93 per share this quarter. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $0.91 for the quarter. Analysts' estimates typically exclude one-time items.
Worldwide quarterly revenue was $4.03 billion, up 4 percent on a constant currency basis after adjusting for a $41 million foreign currency impact, or a 3 percent increase as reported, the company added. Analysts estimated revenues of $4.03 billion for the quarter.
Additionally, the company reiterated its fiscal 2013 outlook, still expecting revenue growth in the range of 3 to 4 percent on a constant currency basis, as well as earnings per share of $3.66 - $3.70 range, implying annual earnings per share growth of 6 to 7 percent. Analysts project annual earnings of $3.68 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.