The storm cut $55-$65 million from second-quarter sales. The company previously estimated up to $250 million in costs.
Hurricane Maria wiped out Puerto Rico, but the financial impact on Medtronic was a lot lower than the medical device maker anticipated a month ago.
The storm, which shut down four manufacturing facilities on the island in September, trimmed sales by about $55 million to $65 million in the second quarter ended Oct. 27, Medtronic said. That’s about a quarter of the potential $250 million impact the company initially anticipated.
