Medtronic plc Profit Climbs 6% In Q2

(RTTNews) - Medtronic plc (MDT) announced earnings for its second quarter that climbed from last year.

The company said its bottom line rose to $1.56 billion, or $1.12 per share. This was higher than $1.47 billion, or $1.03 per share, in last year's second quarter.

Analysts had expected the company to earn $1.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.1% to $7.35 billion. This was up from $7.06 billion last year.

Medtronic plc earnings at a glance:

-Earnings (Q2): $1.56 Bln. vs. $1.47 Bln. last year. -Earnings Growth (Y-o-Y): 6.1% -EPS (Q2): $1.12 vs. $1.03 last year. -EPS Growth (Y-o-Y): 8.7% -Analysts Estimate: $1.11 -Revenue (Q2): $7.35 Bln vs. $7.06 Bln last year. -Revenue Change (Y-o-Y): 4.1%