07:21 AM EDT, 05/23/2024 (MT Newswires) -- Medtronic ( MDT ) reported fiscal Q4 non-GAAP earnings Thursday of $1.46 per diluted share, down from $1.57 a year earlier.

Analysts polled by Capital IQ expected $1.45.

Net sales for the quarter ended April 26 were $8.59 billion, up from $8.54 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.44 billion.

The company said it expects fiscal 2025 non-GAAP earnings of $5.40 to $5.50 per diluted share, with organic revenue growth anticipated in the 4%-to-5% range. Analysts surveyed by Capital IQ expect normalized earnings of $5.66 per share.

Medtronic ( MDT ) also said its board raised its quarterly dividend to $0.70 per share, payable July 12 to shareholders of record as of June 28.

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