Medtronic plc Q4 adjusted earnings Beat Estimates

Medtronic plc (MDT) reported a profit for its fourth quarter that advanced from last year.

The company's earnings came in at $1.36 billion, or $1.00 per share. This compares with $646 million, or $0.548 per share, in last year's fourth quarter.

Excluding items, Medtronic plc reported adjusted earnings of $2.04 billion or $1.50 per share for the period.

Analysts had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.6% to $8.18 billion from $5.99 billion last year.

Medtronic plc earnings at a glance:

-Earnings (Q4): $2.04 Bln. vs. $777 Mln. last year.
-EPS (Q4): $1.50 vs. $0.58 last year.
-Analysts Estimate: $1.42
-Revenue (Q4): $8.18 Bln vs. $5.99 Bln last year.

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