Medtronic: Q3 net income up 10%
(CercleFinance.com) - Medtronic has reported 2018/2019 adjusted net income (non-GAAP) that is up 10% at 1.
751 billion dollars, representing EPS of 1.29 dollar.
At slightly over 7.5 billion dollars, the medical equipment supplier's revenues increased 2.4% as reported and were up 4.4% in organic terms.
Regarding its forecasts, Medtronic now expects organic sales growth of around 5.25%-5.5% (vs. 5% to 5.5% to date), with EPS of between 5.14 dollars and 5.16 dollars (against 5.10 dollars to 5.15 dollars previously).
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