FDAnews Device Daily Bulletin

MEDICAL DEVICE COMPANY REPORTS REVENUES OF $2.765 BILLION

Dec. 19, 2005
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Medtronic announced record revenues for the quarter ended October 28, 2005 of $2.765 billion, a 15% increase over the $2.400 billion recorded in the second quarter of fiscal year 2005. As reported, second quarter actual earnings were $816.5 million or $0.67 per diluted share, an increase of 52% over the prior year second quarter. Before special items, second quarter net earnings of $657.1 million, or $0.54 per diluted share, increased 23% over net earnings of $535.7 million and $0.44 per diluted share recorded in the same period last year.

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