Medtronic (MDT) Tops Q1 EPS by 44c, Revenues Beat

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Go back to Medtronic (MDT) Tops Q1 EPS by 44c, Revenues Beat

Medtronic Reports First Quarter Financial Results

August 25, 2020 6:45 AM EDT

Q1 Revenue of $6.5 Billion Decreased 13% Reported and Approximately 17% OrganicQ1 GAAP Diluted EPS of $0.36; Q1 Non-GAAP Diluted EPS of $0.62

DUBLIN, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Medtronic plc (NYSE: MDT) today announced financial results for its first quarter of fiscal year 2021, which ended July 31, 2020.

The company reported first quarter worldwide revenue of $6.507 billion, a decrease of 13 percent as reported. After adjusting for the $104 million negative impact of foreign currency translation, the $15 million partial quarter inorganic benefit of the companys acquisition of... More