Business & Finance

Medical technology company releases financial results

Published in Obesity and Diabetes Week, December 20th, 2004

Medtronic, Inc., (NYSE:MDT) announced quarterly net earnings of $535.7 million, or $0.44 per diluted share, an increase of 13% over the $476.1 million in net earnings and the $0.39 per diluted share recorded in the second quarter 1 year ago.

Revenues in the quarter were $2.400 billion, an increase of 11% over the $2.164 billion of the comparable period 1 year ago. Reflecting the weaker dollar, foreign currency translation had a positive impact on quarterly revenue of $40.0 million when compared to last year.

"Financial performance this quarter was once again led by two of Medtronic's largest product lines, spinal products and implantable...

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Source: Obesity and Diabetes Week (2004-12-20)

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