On Friday, Shares of Medtronic PLC (NYSE:MDT), lost -1.41% to $68.99.
Medtronic PLC, declared financial results for its first quarter of fiscal year 2016, which ended July 31, 2015.
Unless otherwise noted, all revenue growth rates in this press release are stated on a comparable, constant currency basis, which comprises the benefit of the extra week of sales in the first quarter of fiscal year 2016, adjusts for the impact of foreign currency translation, and comprises Covidien plc in the preceding year comparison, aligning Covidien`s preceding year monthly revenue to Medtronic`s fiscal quarters.
The company stated first quarter worldwide revenue of $7.274 billion, an improvement of 12 percent counting the extra week benefit. The extra selling week is a result of the company`s 52-53 week fiscal year calendar, which occurs every six years. While it is difficult to calculate an exact impact from the extra week, the company estimates that it benefitted first quarter comparable, constant currency revenue growth by about 6 percentage points. After adjusting for the estimated benefit of the extra selling week, first quarter worldwide revenue grew at the upper-end of the mid-single digit range. Foreign currency translation had a negative $529 million impact on revenue. As stated, revenue raised 70 percent when contrast to the $4.273 billion stated by Medtronic, Inc. in the first quarter of fiscal year 2015. As detailed in the attached table, first quarter non-GAAP income and diluted earnings per share were $1.462 billion and $1.02, an improvement of 47 percent and 3 percent, respectively. As stated, first quarter net income and diluted earnings per share were $820 million and $0.57, a decrease of 6 percent and 34 percent, respectively.
Medtronic plc manufactures and sells device-based medical therapies worldwide. The company’s Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators, implantable cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, and peripheral vascular intervention products.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), inclined 1.28% to $23.73, during its last trading session.
JetBlue Airways Corporation, New York’s Hometown Airline™, recently declares an exclusive live performance by one of the most iconic singing groups of all time, Boyz II Men. The airline known for its award-winning customer experience will provide a very special concert by the GRAMMY Award-winning group on Thursday, September 24, 2015 at 5 p.m. at John F. Kennedy International Airport’s Terminal 5. This concert will only be available to lucky travelers and concert ticket winners.
“JetBlue’s Live From T5 concerts offer our customers an experience so unique and entertaining, hopefully they won’t forget they actually have a flight to catch,” said Don Uselmann, general manager, airport operations, JetBlue. “Like JetBlue, the group has a fresh approach. JetBlue defined what the air travel experience should be and Boyz II Men created a timeless sound. We’re excited to offer this once-in-a-lifetime experience to our mutual fans.”
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, BB&T Corporation (NYSE:BBT), ended its last trade with -1.70% loss, and closed at $35.87.
BB&T Corporation, will report its third-quarter 2015 earnings on Oct. 15, 2015, preceding to market opening. Chairman and Chief Executive Officer Kelly S. King and Chief Financial Officer Daryl N. Bible will host a conference call to discuss BB&T’s third-quarter 2015 performance starting at 8 a.m. ET.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
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