Medtronic plc Q2 adjusted earnings Beat Estimates

(RTTNews) - Medtronic plc (MDT) reported a profit for its second quarter that climbed from last year.

The company's bottom line came in at $1.36 billion, or $1.01 per share. This compares with $1.12 billion, or $0.82 per share, in last year's second quarter.

Excluding items, Medtronic plc reported adjusted earnings of $1.78 billion or $1.31 per share for the period.

Analysts had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.1% to $7.71 billion from $7.48 billion last year.

Medtronic plc earnings at a glance:

-Earnings (Q2): $1.78 Bln. vs. $1.66 Bln. last year. -EPS (Q2): $1.31 vs. $1.22 last year. -Analysts Estimate: $1.28 -Revenue (Q2): $7.71 Bln vs. $7.48 Bln last year.

-Guidance: Full year EPS guidance: $5.57 to $5.63