Medtronic plc (2M6.DE) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings came in at $1.374 billion, or $1.07 per share. This compares with $1.270 billion, or $0.99 per share, last year.
Excluding items, Medtronic plc reported adjusted earnings of $1.746 billion or $1.36 per share for the period.
Analysts on average had expected the company to earn $1.31 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.6% to $8.961 billion from $8.403 billion last year.
Medtronic plc earnings at a glance (GAAP) :
-Earnings: $1.374 Bln. vs. $1.270 Bln. last year.-EPS: $1.07 vs. $0.99 last year.-Revenue: $8.961 Bln vs. $8.403 Bln last year.
-Guidance:Full year EPS guidance: $5.62 to $5.66
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.