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2021-05-27

Medtronic profit more than doubles on recovery in base business

Medtronic plc (NYSE:MDT) today announced financial results for its fourth quarter and fiscal year 20

Medtronic profit more than doubles on recovery in base business

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Q4 Non-GAAP Diluted EPS of$1.50.</b></p><p><b>-Net income attributable to the company rose to $1.36 billion, or $1 per share, in the quarter ended April 30, from $646 million, or 48 cents per share, a year earlier.</b></p><p><b>- Quarterly Dividend Increased to$0.63, Annual$2.52 from Prior$2.32; 44th Consecutive Year of Dividend Increases.</b></p><p><b>- Company Issues FY22 Guidance.</b></p><p><b>- Guidance Reflects FY22 Revenue Growth above Street Consensus, Investment Ahead of Major Product Launches, and Largest Planned R&amp;D Increase in Company History.</b></p><p>Medtronic&nbsp;shares&nbsp;were unchanged&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101218285","content_text":"Medtronic plc (NYSE:MDT) today announced financial results for its fourth quarter and fiscal year 2021, which endedApril 30, 2021.- Q4 Revenue of$8.2 Billion Increased 37% Reported and 32% Organic.- Q4 GAAP Diluted EPS of$1.00; 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