Medtronic: Q1 adjusted EPS halved
(CercleFinance.com) - Medtronic has reported Q1 2020-21 adjusted net income that was slashed in two (-51%) to 836 million dollars, or 62 cents per share, for revenues that are down 13% at 6.
51 billion dollars (-17% organically).
"We reported solid improvement from last quarter, and our results reflect a faster than expected recovery from the depths of the pandemic we saw back in April," said CEO Geoff Martha.
Given the uncertainties over short-term results caused by the Covid-19 pandemic, the Dublin-based medical equipment supplier does not want to provide any formal financial targets at this stage.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
51 billion dollars (-17% organically).
"We reported solid improvement from last quarter, and our results reflect a faster than expected recovery from the depths of the pandemic we saw back in April," said CEO Geoff Martha.
Given the uncertainties over short-term results caused by the Covid-19 pandemic, the Dublin-based medical equipment supplier does not want to provide any formal financial targets at this stage.
Copyright (c) 2020 CercleFinance.com. All rights reserved.