MEDTRONIC RAISES GUIDANCE FOR 2006-2008

Medical device maker Medtronic recently raised its earnings guidance for the next three years, saying it will benefit from continued growth and a lower tax rate. Medtronic said it would earn $2.18 to $2.23 per share during fiscal 2006, up from the $2.10 to $2.15 it had predicted previously. Analysts polled by Thomson Financial were expecting $2.16.
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