Covidien Q2 Profit Beats Estimates; Reiterates FY14 Guidance

(RTTNews) - Covidien plc (COV) reported that its second-quarter income from continuing operations increased to $441 million or $0.97 per share, from $380 million or $0.80 per share, previous year. Adjusted earnings per share from continuing operations was $0.96 for the quarter.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $2.60 billion from $2.53 billion. Analysts expected revenue of $2.61 billion for the quarter.

Covidien noted that there are no changes to its previously issued 2014 guidance.