logo
Plus   Neg
Share
Email

Medtronic Updates Fiscal 2019 Revenue Growth, EPS Guidance - Quick Facts

Medtronic plc (MDT) announced, for fiscal 2019, the company increased implied constant currency non-GAAP EPS growth forecast to a range of 9 to 10 percent from a range of 8 to 9 percent. The company maintained non-GAAP EPS guidance in the range of $5.10 to $5.15.

For fiscal 2019, the company increased organic revenue growth guidance to a range of 4.5 to 5.0 percent from a range of 4.0 to 4.5 percent. If recent exchange rates hold for the remainder of the fiscal year, fiscal 2019 revenue would be negatively affected by approximately $420 million to $520 million.

For the first-quarter, non-GAAP net income and diluted EPS were $1.601 billion and $1.17, respectively, both increases of 4 percent. Adjusting for the divestiture and a positive 5 cent impact from foreign currency, first quarter non-GAAP EPS increased 9 percent.

first quarter worldwide revenue was $7.384 billion, a decrease of 0.1 percent as reported, or an increase of 6.8 percent on an organic basis.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google announced a batch of renewable energy deals totaling 1.6 GW through 18 acquisitions spread across three continents. The deals are intended to "spur the construction of more than $2 billion in new energy infrastructure," the company said. Google said the deals will increase its worldwide portfolio... Beyond Meat's main competitor Impossible Foods will launch its grocery store in California on Friday. Beyond Meat Inc. (BYND), the meatless burger and sausage maker, announced the appointment of Sanjay Shah as Chief Operating Officer. Shah will assume the responsibility for Beyond Meat's global operations and production, effective September 18.
Follow RTT
>