iBankCoin
Joined Nov 11, 2007
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$MDT Posts Better Than Expected Earnings, Stock Off Slightly

“Feb 19 (Reuters) – Medtronic Inc on Tuesday reported higher quarterlyearnings as sales rose slightly.

The maker of implantable heart devices, insulin pumps and products used for spine surgery reiterated its outlook for the fiscal year, calling for dilutedearnings per share of $3.66 to $3.70 on revenue growth of 3 percent to 4 percent.

Medtronic said its net earnings increased to $988 million, or 97 cents per diluted share, in the third quarter ended on Jan. 25 from $935 million, or 88 cents per diluted share, a year earlier…..”

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