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BRIEF-Medtronic provides update on impact from hurricane Maria
2017年10月6日 / 晚上10点26分 / 14 天前

BRIEF-Medtronic provides update on impact from hurricane Maria

Oct 6 (Reuters) - Medtronic Plc

* Medtronic provides update on impact from hurricane Maria

* Medtronic Plc - ‍estimates an impact to both revenue and non-gaap net earnings up to $250 million dollars in fiscal 2018 Q2​

* Says ‍company reaffirms its fiscal 2018 Q2 and full fiscal year guidance provided on August 22, 2017​

* Medtronic Plc - ‍excluding expected impact of hurricane Maria, company reaffirms its fiscal 2018 Q2 and full fiscal year guidance provided on August 22​

* Medtronic Plc - ‍considering severity of hurricane, company’s puerto rico facilities fared well, but each sustained some damage​

* Medtronic Plc - ‍continues to expect mid-single digit revenue growth on a comparable, constant currency basis in second half of fiscal year​

* Medtronic Plc - has made considerable progress in repairing puerto rico manufacturing facilities, with limited production starting on October 2​

* Medtronic plc - expects some non-recurring expenses directly related to recovery efforts in puerto rico to be excluded from its 2018 non-GAAP earnings

* Medtronic - all of sites are partially operating, manufacturing is expected to gradually ramp up over coming weeks​

* Medtronic Plc - ‍is utilizing existing inventory levels and increasing manufacturing in locations outside of Puerto Rico for many of its products​ Source text for Eikon: Further company coverage:

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