Medtronic (MDT) Tops Q1 EPS by 1c; Offers FY23 EPS Guidance
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Medtronic reports first quarter fiscal 2023 financial results
August 23, 2022 6:45 AM EDTRevenue exceeds guidance, with known supply chain challenges impacting results; notable strength in Pacing, Cardiac Surgery, Core Spine in the U.S., and Diabetes in Europe
DUBLIN, Aug. 23, 2022 /PRNewswire/ -- Medtronic plc (NYSE: MDT) today announced financial results for its first quarter of fiscal year 2023, which ended July 29, 2022.
Key Highlights
GAAP diluted EPS of $0.70 increased 25%; non-GAAP diluted EPS of $1.13 decreased 17%, in-line with expectationsRevenue of $7.4 billion decreased 8% as reported and 4% organic, ahead of... More