Heavy Currency Headwinds Expected in Medtronic's Q1 Results

Medtronic completed the consolidation of Covidien's acquisition last fiscal year, but significant synergies are not expected to be realized until the second half of fiscal 2016. On the other hand, the company is expected to face substantial currency headwinds in the first quarter, which could drag down its revenue growth and offset the savings from operational efficiencies. The negative impact of adverse currency movements is expected to be up to $1.5 billion in fiscal 2016, over 40% of which is...