Covidien plc (COV) reported that its first-quarter net income was $412 million or $0.82 per share, compared to $386 million or $0.76 per share in the same quarter last year. GAAP earnings per share from continuing operations were $0.82 in the first quarter, compared to $0.75 per share in the comparable quarter last year. First-quarter adjusted earnings per share, excluding the specified items, were $0.86, up 32% from $0.65 a year ago.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.75 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter were $2.75 billion up 7% from the $2.56 billion reported a year ago. Sixteen analysts had consensus revenue estimate of $2.64 billion for the quarter.
The Company continues to estimate that sales in fiscal 2010 will be up 6% to 9%, including foreign exchange at current rates and excluding Oxy ER sales from the 2009 base. Analysts expect the company to report revenues of $11.06 billion for fiscal 2010.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.