Medtronic Plc

NYSE:MDT  
80.83
-1.44 (-1.75%)
Other Pre-Announcement

Medtronic Reports Q1 EPS Of $0.70

Published: 08/23/2022 10:58 GMT
Medtronic Plc (MDT) - Medtronic Reports First Quarter Fiscal 2023 Financial Results.
Q1 Non-GAAP Earnings per Share $1.13.
Q1 GAAP Earnings per Share $0.70.company Reiterates FY23 Revenue and EPS Guidance.
Qtrly Revenue of $7.4 Billion Decreased 8% As Reported and 4% Organic, Ahead of Expectations.
Qtrly Cardiovascular Revenue of $2.713 Billion Decreased 6% As Reported and 1% Organic.
Q1 U.S. Revenue of $3.766 Billion Represented 51% of Company Revenue and Decreased 8% As Reported and 9% Organic.
Qtrly Neuroscience Revenue of $2.115 Billion Decreased 4% As Reported and 2% Organic.
Qtrly Cranial & Spinal Technologies Revenue of $1.043 Billion Decreased 7% As Reported and 5% Organic.
Qtrly Medical Surgical Revenue of $2.001 Billion Decreased 14% As Reported and 9% Organic.
Q1 Organic Revenue Results Reflect Impact of Known Supply Chain Shortages.
Medtronic - Qtrly Earnings Reflect Continued Impact to Certain Procedure Volumes, Macroeconomic Impacts of Inflation and Foreign Currency Translation.
As We Look Ahead, Our Supply Chain is Improving.
Have Several Near-term Pipeline Catalysts Approaching, and Are Confident in Ability to Accelerate Growth.
Q1 Earnings per Share View $1.12, Revenue View $7.22 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2023 Earnings per Share View $5.56, Revenue View $31.94 Billion -- Refinitiv Ibes Data (analyst estimates).