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Medtronic: raises EPS target range

(CercleFinance.com) - As it released its first quarter results, Medtronic said that it is increasing its adjusted FY EPS target range by 10 cents to between 5.
54-5.60 dollars, against a previous range of 5.44-5.50 dollars.

The medical equipment supplier based in Dublin, also confirms annual growth in revenues of around 4% on an organic basis, excluding a negative FX impact of 0.8 to 1.2 point.

Over the first three months of FY 2019-20, Medtronic posted adjusted EPS that is up 8% at 1.26 dollar per share, with revenues up 1.5% at 7.49 billion dollars (+3.5% in organic terms).


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