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Medtronic Beats

Medtronic (MDT) reported 1st Quarter July 2018 earnings of $1.17 per share on revenue of $7.4 billion. The consensus earnings estimate was $1.11 per share on revenue of $7.2 billion. The Earnings Whisper number was $1.13 per share. Revenue fell 0.1% compared to the same quarter a year ago.

The company said it continues to expect fiscal 2019 earnings of $5.10 to $5.15 per share. The current consensus earnings estimate is $5.11 per share for the year ending April 30, 2019.

Medtronic PLC is engaged in providing medical technology alleviating pain, restoring health, and extending life of people. It currently functions in three operating segments that manufacture and sell device-based medical therapies.