Medtronic FQ1 revenues at low end of guidance, earnings at high end; shares down 1%

|About: Medtronic plc (MDT)|By:, SA News Editor

In an interview with Bloomberg, Medtronic (MDT -1.1%) CFO Karen Parkhill said fiscal Q1 constant currency sales will be in the low end of guidance due to a computer crash, but the company still expects to achieve its guidance of 4 - 5% growth for the year. FQ1 earnings should be in the upper range of its high-single-digit guidance.

Source: Bloomberg