Medtronic Plc

NYSE:MDT  
106.88
-0.40 (-0.37%)
4:42:37 PM EDT: $106.51 -0.37 (-0.35%)
Other Pre-Announcement

Medtronic Posts Profit Of 97 Cents Per Share

Published: 11/23/2021 11:52 GMT
Medtronic Plc (MDT) - Medtronic Reports Second Quarter Fiscal 2022 Financial Results.
Q2 Non-GAAP Earnings per Share $1.32.
Q2 GAAP Earnings per Share $0.97.
Reaffirms FY Non-GAAP Earnings per Share View $5.65 to $5.75 Including Items.
Market Procedure Volumes Impacted by Covid-19 Resurgence.
Q2 Revenue Results Reflect Unfavorable Market Impact of Covid-19 and Health System Labor Shortages on Medical Device Procedure Volumes.
Qtrly Revenue of $7.8 Billion Increased 3% Reported.
Qtrly Cardiovascular Revenue of $2.827 Billion Increased 4% As Reported and 3% Organic.
Qtrly Medical Surgical Revenue of $2.299 Billion Increased 1% As Reported and Was Flat Organic.
Expect Markets to Continue to Be Affected by Pandemic in Second Half of Our Fiscal Year.
Q2 Earnings per Share View $1.29, Revenue View $7.96 Billion -- Refinitiv Ibes Data (analyst estimates).
Excluding Impact of Ventilator Sales Declines, Qtrly Medical Surgical Revenue Increased 6% Organic.
FY2022 Earnings per Share View $5.71, Revenue View $32.97 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Neuroscience Revenue of $2.136 Billion Increased 4% As Reported and 3% Organic.