In the same period a year ago the company posted earnings of $1.18 a share on sales of $7.4 billion. The stock has fallen 1% since the company last reported earnings on Nov. 20. Quarterly estimates have fallen less than 1 cent a share in the past month.
Medtronic is currently trading at a price-to-forward-earnings ratio of 17.2 based on the 12-month estimates of 27 analysts surveyed by FactSet.
The company offered guidance of $1.24 a share at the time of its last earnings report.
The stock was among those mentioned as part of Jim Cramer's game plan for this week on his Mad Money TV program.
Jim Cramer and the AAP team are watching the health care equipment & supplies sector. To find out more about what stocks they like in the industry click here now.