Medical equipment
Irish medical technology company Medtronic PLC
Medtronic PLC, the Irish medical technology company, reported a profit of $1.1 billion for the fourth quarter ended April 29, 2016, compared with a loss of $1 million for the same period last year. Revenue for the fourth quarter increased from $7.3 billion to $7.57 billion.
Baxter International Inc.
Baxter International Inc. reported its first quarter 2016 results. Global sales for the quarter were $2.4 billion, an increase of 4% over the same period last year. Calculated on the basis of GAAP (Generally Accepted Accounting Principles), with a profit of $3.4 billion, including a net gain of $3.3 billion obtained after the spin-off of Baxalta's equity last year. Excluding special items, the adjusted net income for the quarter was $1.99.
Stryker Corporation
Stryker Corporation reports first quarter 2016 results. Net sales for the quarter were $2.495 billion, an increase of 4.9% from $2.379 billion in the same period last year. Net profit for the quarter was $402 million, an increase of 79.5% from $224 million in the same period last year.
Boston Scientific
Boston Scientific announced that its first quarter sales as of March 31, 2016 were $1.964 billion, an increase of 11% compared to the same period last year. Based on a comprehensive GAAP calculation, the company's net income for the first quarter of 2016 was $202 million. After adjusting for net expenses and amortization expenses related to acquisitions, divestitures, litigation, restructuring and restructuring, the adjusted net profit for the first quarter of 2016 was $378 million.
Zimmer Biomet Holdings, Inc.
Zimmer Biomet Holdings, Inc. announced its quarterly results as of March 31, 2016. Net sales for the quarter were $1,904 million, an increase of 67.8% from $1,134 million in the same period last year. Net profit for the quarter was $106 million, compared to $171 million for the same period last year.
St. Jude Medical
St. Jude Medical's last quarter revenue and profit both exceeded market expectations. St. Jude Medical's last quarter profit was $95 million, down from $262 million in the same period last year. The company's quarterly revenue was $1.45 billion, up 7.7% from the same period last year. Sales growth in the atrial fibrillation business and neuromodulation business increased rapidly, improving overall quarterly results. However, the US market performance of the heart rate management business unit continued to decline, including products such as buried cardioverter defibrillators and pacemakers.
American Medical Laboratory Operator, Laboratory Corp. of America Holdings
US medical laboratory operator Labor Corp. of America Holdings achieved a net profit of $160.2 million in the first quarter, and the company's current operating income was $2.37 billion.
US Medical Laboratory Operator Quest Diagnostics
The US medical laboratory operator Quest Diagnostics earned $102 million in the first quarter, and the company's current operating income was $1.86 billion.
American medical products manufacturer Patterson Companies
US pharmaceutical manufacturer Patterson Companies reported a profit of $65.6 million in the fourth quarter, and the company's revenue for the period was $1.45 billion. The company's annual profit was 187.2 million US dollars, with a revenue of 5.39 billion US dollars.
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