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
House-Autry Mills, Inc. issued a recall for its 9 ounce bottles of House-Autry Tartar Sauce due to the co-manufacturer's verification of spoilage associated with the product, according to a statement published by the U.S. Food and Drug Administration or FDA. The North Carolina-based company said the product may be unsuitable for consumption. Kimberly-Clark Corp. (KMB) on Monday reported a profit for the fourth quarter that edged down from last year, hurt by higher expenses, despite 6 percent sales growth. Both adjusted earnings per share and net sales topped analysts' expectations. The company also initiated adjusted earnings and net sales growth guidance for the full-year 2021. Shares of Philips Electronics NV were gaining around 3 percent in Amsterdam trading after the Dutch consumer electronics giant reported Monday higher results in its fourth quarter. The company also proposed dividend, and said it sees growth in fiscal 2021 comparable sales and adjusted margin.
Follow RTT