Sunday, November 25, 2012

Medtronic - Second Quarter Earnings Confirm Long-Term Investment Thesis


Shares of Medtronic (MDT) ended the short Thanksgiving trading week with total gains of almost 6%. The medical technology company reported a decent set of second quarter earnings on Tuesday.
Second Quarter Earnings
Medtronic reported second quarter revenues of $4.09 billion, up 1.8% on the year before. A strong dollar negatively impacted Medtronic's revenues, which rose 5% on a constant currency basis. Revenues comfortably beat analysts consensus of $4.05 billion.
Read the entire article on Seekingalpha by clicking the following link

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