Published in Medical Device Law Weekly, June 8th, 2008
Medtronic recorded fiscal year 2008 revenue of $13.515 billion, a 10 percent increase over the $12.299 billion in fiscal year 2007. Currency translation had a positive impact of $400 million for fiscal year 2008. As reported, fiscal year 2008 net earnings were $2.231 billion, or $1.95 per diluted share. As detailed in the attached table, adjusting for special, restructuring, certain litigation and purchased in-process research and development (IPR&D) charges, non-GAAP net earnings and diluted earnings per share were $2.973 billion and $2.60,...
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