Shares of Medtronic PLC (MDT, Financial) jumped more than 4% after reporting first-quarter 2019 earnings per share of $1.17 on $7.38 billion in revenue. The company beat earnings estimates by 6 cents and revenue estimates by $140 million.
"We are executing against our plan, growing our markets and driving share gains across multiple businesses and geographies," Chairman and CEO Omar Ishrak said. "Our execution is not only on the top line, but also down the P&L, as we delivered margin expansion through our Enterprise Excellence program while increasing our investment in R&D."
Looking ahead to the full year, the company expects organic revenue growth of 4.5% to 5%.
Shares of Nordson Corp. (NDSN, Financial) fell more than 5% after reporting third-quarter earnings of $1.60 per share on revenue of $581.24 million. Earnings were in-line with estimates, but revenue fell $9.49 million short of expectations.
Looking ahead to the fourth quarter, sales are expected to be in the range of flat to down 4%. The operating margin is projected to be about 22%. GAAP diluted earnings per share guidance is between $1.38 and $1.54. Earnings before interest, taxes, depreciation, and amortization and the EBITDA margin are expected to be $149 million and 26%.
Shares of Coty Inc. (COTY, Financial) fell almost 10% on fourth-quarter earnings per share of 14 cents on revenue of $2.3 billion. The company beat earnings estimates by 1 cent, but fell $10 million short of revenue expectations.
The fiscal 2018 gross margin was 61.6%, up from 2017. Operating income reached $161.2 million, having improved from a reported loss of $437.8 million.
The company expects fiscal 2019 earnings per share between 74 cents and 78 cents.
(Disclosure: The author holds no position in any stocks mentioned).
